First, you just need to qualify either for REPS, or the property can be an STR (with an average stay of a 7 day or less), you just need one or the other, you don't need both. 

@Jaycee Greene I see, I would still love to stay connected as well given I plan on executing the BRRRR strategy on the MF units  I plan to acquire this year. 

Don't let them choose for you.Just inspect what you expect....Also I would talk to housing office in Memphis to get a feel of how many people are on the Section 8 waitlist, what kind of rents they pay, what zip codes are they targeting, see if they have any stats about how long tenants stay and average rent.While a lot of people try to look at google street view to get an idea of the neighborhood, there is no substitute for visiting in person.

If they are nice enough for AirBnB, then you are probably ok there as well since the stays will be short. 

Shorter term CD's actually have higher rates than longer term so staying in the 3-6 month range is best.  

Just like investing in any city though there are a couple areas to stay away from, but they are not hard to identify and they are not large. 

.: New to REI & BP, and debating my first move.My Background:30, single, no kids, no property, high income, fully remote worker$300K to allocate toward real estate (+ $100K/year after tax)Currently renting in NYC but planning to move back to LA (hometown) in summer 2025 or the following yearTired of paying rent and want to start building equityMy Dilemma:1️⃣ House Hack in NYC – Stay a couple more years here, buy a small multi-family now and offset costs with rental income.

If the tenant stays, they will be on a month-to-month lease, which requires a 30-day notice.

I'd like to stay in the southeast and would appreciate any insight other investors can offer about cities in the southeast. 

If you have an awesome job and love living where you are, there is no shame in staying put!