What would be the best way to approach this and the best way to get started?

In appraisal, there are generally 3 approaches to value - sales comparison, income, & cost.sales comparison approach is typically best and most reliable for residential real estate (4 units or less), income approach becomes more reliable for commercial properties (5+ or more residential units), and cost approach is better suited for newer builds, unique, and/or income producing properties.

Moreover, Memphis has a supportive community for veterans, which could offer additional resources and networks to support your investment journey.Since you mentioned not wanting to handle property management yourself, there are reputable property management companies in Memphis that can handle those responsibilities, allowing you to enjoy the benefits of rental income without the day-to-day management tasks.Balancing the purchase of your primary residence with your investment goals is a prudent approach.

Those who are doing both have found a way to systematize their real estate investing so that they have time to do the guru circuit as well.

This approach can be particularly beneficial if you want to reinvest the income or use it to offset other taxable income.Cons: Properties with lower purchase prices may be in less desirable neighborhoods, which could mean slower appreciation and potentially higher maintenance costs.Appreciation Properties:Pros: Investing in more expensive properties in better neighborhoods can lead to significant appreciation over time.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.PM us if you’d like to discuss this logical approach in greater detail!

We will put a similar system at in our other units when it is time to replace hvac on those.

Yes, it's very rate for a MTR booking to approach 12 months.

However i would set up a call to see what should be the approach .

One thing of note is that Utah is approaching the top of a cycle right now, but over the next 35 years will double in population.