Investing in Memphis, TN could be a great move for you, especially if you’re looking for positive cash flow.

If you are investing in University district that is fine but know that there will be POS. It

Focus on cash flow and ensure properties generate positive cash flow after all expenses.

Hey Kelly,You want to determine what real estate strategy works best for you and your current financial position.

I'm currently working on scaling up quickly through purchasing large SFR portfolios and/or apartments, and I'm in preliminary talks with a few sellers willing to carry back a seller 2nd note of 20-30% (i.e. the down payment).I'm looking for a lender that will move forward in financing the initial 70-80%, in 1st position, alongside a seller 2nd of the remaining 20-30%, totaling 100% CLTV.

Depending on your equity position, you may not be able to access as much as you need/want to actually find another home. 

I would recommend a combination of a house-hack and an investment property depending on your current cash position, short-term and long-term goals. 

This creates a negative initial position.

Adding in taxes and insurance you are probably going to be around another $250 for a total of $1,093.00+/- that’s a positive $507.00 a month cash flow on a $130K which is good. if the rents are $1600.

If the seller can offer a 15% Seller carry in 2nd position, this is doable.Happy to connect!