Having a solid team around you like agent, lender, contractors etc.

This deal originally was supposed to happen in December 2023 but the seller wanted to wait.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Like every investment asset, real estate investing is not risk-free.And many more.....Answering these above questions will allow you to ask your potential real estate agents the right questions.Remember that the quality of your questions has a direct correlation to the quality of the answers you get. 

Your profile mentions that you are an agent with rentals.You would want to see if you are able to claim real estate professional status.If you are able to claim real estate professional status, you can potentially offset the rental losses with your real estate agent income.Furthermore, TN does not have a state income tax allowing you to be more open with your options.Best of luck

A buddy of mine, who’s been an agent in the Phoenix market for nearly as long as I have, once had a client who stumbled into a 1031 that shot their returns through the roof because they snagged a property near one of those new tech corridors sprouting up.. from what I’ve heard, that corridor’s been buzzing with interest lately.What’s exciting right now is seeing how investors are leveraging 1031 exchanges to pivot into markets that are on fire.

One means of research: talk to an experienced real estate agent that specializes in work with investors. 

I'm also a real estate agent, have been a landlord, leasing agent, and property manager.

I also have learned Memphis can be quite spotty (a dangerous block can be just a couple blocks from a good renting location so you really need a boots on the ground agent/team that you can trust). 

If an agent brings a client and buys the wholesale deal, their standard contract is the second contract that the original contract is being assigned to.

That will require that wholesalers become licensed agents.