If you're looking to build a solid, long-term portfolio, Memphis is definitely worth considering!

It's not worth my time to deal with the hassle of conventional loan anymore, so I don't even consider it as an option.

I've been setting the record straight so many times against unwarranted criticism and ignorance about the country and its state of affairs  (while acknowledging its issues) that maybe the government should make me a honorary citizen!

BUT for certain rural areas it's worth it's weight in gold because of the reliability factor vs an unreliable or expensive existing utility structure. 

We had 20 high net worth investors who placed equity and debt with us with a profit splitting arrangement.

The value of the home is around 245k, although it has not been appraised that is the 'desktop evaluation', whatever that is worth.

There isn't a whole lot of wiggle room.3) At this exact moment, inventory in Binghamton is record-low for investment properties.

If you have a contractor who is good and can get it done quick and you dont have to micromanage then that worth 5% or 15% more to me

You should have a good idea of what it's worth based on what you paid and the comps you looked at before you closed.

You would work with other lenders and do a participation agreement, but many of them will require you to put in 20-40% of the money, have a net worth of 2x what they are including as they will want you to buy back the loan if it goes into default.3.