If so, you should also look into the insurance requirements during construction (both builder risk as well as the GC's policy, but particularly the GC policy).

The key for me wasn't to invest in the 'best place' but to know a market so well that a deal jumps off the page when it appears.

The tenant refused to communicate about his plans to vacate and finally left the key under the mat on June 2 but made no communication, so we had to make 4 trips looking for the key.

So end of day you are in it for say $305k.

Quote from @Robert Smith: I am interested in possibly doing so.

So it could take a decade to get to todays market rent. 2) it’s almost impossible if not impossible to non-renew a tenant, especially if you’re not an owner occupant. 3) As a seller, even if I could remove paying tenants I never would without a non-refundable payment from a potential buyer that covers all vacancies for 6 months if they fail to complete the purchase. 4) You MIGHT say as a buyer that’s worth it.

Consider the Local Tenant Pool & Seasonal Demand•Gainesville is a college town, so student tenants might be a big part of the rental market.

Shoot me a message with your information, so I can give you a copy of the investment map of Memphis. 

By then I expect to have a clear plan so I can move into action.

So, I would work to increase your knowledge and experience and really identify a strategy that suits you before moving forward with anything. 2.