While the right program can provide a strong ROI, it’s crucial to evaluate whether the cost fits within your budget and aligns with your current investment goals.2.

Hello @Fulati,With that budget, I would look for houses in East Memphis, Cordova, or Bartlett.

If you really like the place but you feel that it is priced too high for your budget, instead of saying “it’s priced too high” and insulting the seller, simply say “I absolutely love your place; it is exactly what I want, and I’d really like to buy it.

If budget is an issue, this is likely a more economical and creative way of going about getting into multi family. 

If you do budget that much, the you will easily hit your profit target.There are currently no restrictions in Lewis county and STRs work there, but there is always discussion on them by the city.

The key is finding the right area/market and having a solid rehab plan that doesn't go too far over budget.

Just know them going in so that you can properly budget.

This allows him to maintain control over all sides of the deal, from beginning to end while staying on time and on budget.

The budget was so small on the first few properties I BRRRR you'd think I was joking.

Also, keep in mind that an IN multi member LLC would require a separate tax return, so you would want to budget for extra admin fees.