Stair to basement no railing, not to code.

Per code, as-of-right, a building with a CMX-1 zone designation is permitted a maximum of two or three dwelling units (dependent on lot size) plus any applicable housing density bonus pursuant to section 14-702(7).

Also we created a free Memphis zip code guide that I can send you if you DM me. 

My (unsolicited) general philosophy is to wait to buy anything until you can confidently say you are one of the top 5 experts in the world at any specific zip code.

The Cape Code regional MLS is owned by the Cape Cod and Islands Association of Realtors and they DO require that you be a Realtor to join. 

What zip code is this in?

If you can narrow down the ZIP code of your Wilmington property then I can give you a more specific performance comparison.

That is a good prompt to go look at your property code regarding tax foreclosures. 

Oh, I should add this is a good post on KC zip codes and which are the best for investing (although it's a little broad as some zip codes have both good and bad areas).

Have you ever heard anyone say the tax code is complex?