I've personally driven this neighborhood and was amazed at how nice and clean it is.

My personal goal is to build a rental protfolio, but I'm open to anything.Thanks in advance. 

@Kris Lou Many factors go into PMC pricing:1) Locality (city/state)2) Neighborhood & Property Class (time to manage Class A < Class B < Class C < Class D)3) Property condition (slumlord properties hard to manage)4) Number of units (some economies of scale, but not as much as owners think)5) Owner expectations (some owners really want a personal assistant!)

My recommendation would be to engage an investment property focused realtor (not a general residential realtor) and let that person guide you through the process from pre-qualification to market/property valuation and selection. 

I've personally utilized private notes on three transactions and participated in another handful of negotiations with sellers on behalf of buyers in the past five years. 

Especially as it relates to being able to rollover IRAs and old 401k money into a Solo401k.Self employment allows you to contribute large amounts to Solo401k to reduce FICA taxes.

It can be a very good market, but the why behind your choice may help us give you better advice on how to move forward.Before realtors and property managers, you really need to meet other investors so you are making a good move by trying to do that here, but it would be better if you could do it in person.

The person had something of an accent.

I have personally used the BRRRR strategy over 40 tiems my self in Memphis.

When I first began investing and relied on friends and family investors I was normally in the 30/70 split range.