The location really caught our eye—close to Uptown Charlotte, which is always a hot area.

I also have learned Memphis can be quite spotty (a dangerous block can be just a couple blocks from a good renting location so you really need a boots on the ground agent/team that you can trust). 

We key each room separately, so the members have security.  

Their team is knowledgeable, transparent, and always available to answer questions, which made the entire investment process simple and stress-free.I funded the rehab of a property located at 6012 Marsha Dr, Jacksonville, FL 32205, and they completed the rehab and closed the deal in just 48 days.

If you want the houses to be super cheap look at Midwest locations like Cleveland, Detroit, Toledo, Indy, KC, Baltimore etc......

Plus scan the local Craigslist to see what used furniture is out there.With all the questions you have asked, I don't think you said where it was located.

Secure the house immediately.

@Chris StrokesYou would need a securities attorney to review a PPM.

Financing provided through this program is only available for properties located in Michigan or Florida.Available Product Type: SOFR 7/6 ARM, SOFR 10/6 ARMLoan Amount: $766,550 MaximumLTV: Purchase and No Cash Out Refinance - Maximum 99%Prepayment Penalty: NoneLoan Assumption: NoneEligible Properties: 1-unit dwellings, attached and detached condominiums, PUDsEscrow: An escrow account must be established for property taxes, and flood insurance, if requiredUnderwritingNo Private Mortgage InsuranceOccupancy – Primary residencesMinimum Credit Score - 700DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors)Student Loans – If in deferment, no qualifying payment requiredDown payment of 1% must be borrower’s own funds, while closing costs and prepaids may be gift fundsAttached condominiums require a 10% down paymentEligible Borrowers – Protect and serve heroes are defined as employees of public or private education institutions, employees of medical and healthcare organizations, all first responders, and active or former military personnel.Servicing: Retained

It is in a great location, but needs a ton of work.