I'm curious, how do you find the balance between quality and cost when looking for items on Craigslist and Facebook?

If you do not have quality documentation working together to build a wall against lawsuits and creditors then your wall will just fall down on you. 

If the rental is in town, maybe start looking on Craigslist, FB Marketplace and OfferUP for quality used furniture to have as backups?

With a focus on quality properties and favorable terms, I aim to build a strong portfolio and maximize returns in this thriving market.

It also cracks me up that Flint is on this list but not Detroit.Maybe they're filtering purely by numbers with no regard to the quality of the city/area?

Sponsors of 506(c) in my experience are higher quality than those doing 506(b). 

Writing (quality) posts takes time that we take out of our "free" time so it's always good for the writers to know that they don't spend the time for naught.Great that you mention the tax issues, which I didn't comment on because they're not really an issue in the countries where I invest.

The irony of this is that you get way higher quality tenants.

I got some marketing material from Choice Hotels (Comfort Inn, Quality Inn, Econolodge, etc.) at a franchise event that basically said you could purchase one of their hotels with as little as $250,000 cash and financing could cover the rest.

unless you have some kind of advantage, or creative strategy, or both (boots on the ground, sourcing quality off market deals, MTR or STR, house hacking, etc.) there is really no market where you can get a few hundred plus in cash flow with current off the shelf rates.you should 10000000000000000000% not buy a random property in Memphis because an Excel sheet tells you you will make $212 a month on it.if you want to go to Memphis and spend a few weeks there, drive around, meet PMs and other investors, and really lean in - go for it.