It’s a 3-bedroom, 2-bathroom unit that I’ve been living in for the past two years.

I live here and I haven't seen more FSBO but I'm seeing a lot more wholesaling activity.  

We are currently in a n escrow for a new home, our own to live in.

Buy in an area you want to live and renting to the people you want to rent to.

Hey Phil,I live here in Memphis and can say from experience that Tennessee makes it easy to setup an Llc. 

That’s because the longer someone has lived in their house, the more that home’s value has grown, which directly increases equity.And if you’re one of those people who’s been in their home for 10 years or more, know this – according to NAR:“Over the past decade, the typical homeowner has accumulated $201,600 in wealth solely from price appreciation.”The Benefits of Having Home EquityWhat does that mean for you?

So you need to live there.

Quote from @Derek Farmer: Hello all,I am 25 years old living in Indianapolis Indiana. 

Quote from @Laura Yelin: Hello BP'sI like Sherman...I lived there for about 3 years many years ago and still sell and rent there.It's a slow wealth building market in my opinion, not get rich quick.Mostly blue collar stable town.

If you are just starting out, this is for you:When you buy an investment property, it is treated differently than a house you are going to live in.