It's mostly renters which lends itself to good cash flow, the cost of entry is low, and if you can navigate the different areas in Memphis, seeing some appreciation isn't out of the question!

Navigating these deductions can be complex, but it's worth it for the tax benefits!

In the meantime I would look at other markets where the price to entry and quality bar is much lower.

I should have been buying houses like they were candy bars when they were super cheap, and then worried about heavy rehabs and slowing down when prices (and rates) rose.

With $20k in savings and an additional $4k monthly saving rate, I'm navigating my next steps carefully, especially since I value starting with a substantial equity position in any deal.Here are the options I'm contemplating:Invest in a Low Entry Property: With my capacity for a 20% down payment, I'm considering properties in the $100k-$120k range.

If they were hired by you, they should be able to navigate you out of this situation fairly easily.

Other benefits: Located in a growing area, and have a full bar Liquor License and a bar that is currently not occupied (A lot of potential there to sell alcohol). 

When I took the GC test, the pass rate was only 12%...it was technically easier to pass the Bar!

There's a lot to navigate but we spent a lot of time at least 10 days driving through over 40 infill lots to get to know the market and following up on a lot of them.

It can be overwhelming trying to navigate this situation and knowing where to start.