How well do you know this contractor? 

you just mentioned buying in all cash using savings. 

There are only 3 reviews on their website which are all extremely generic and I think aren't real.  

High rental demand base, loads of blue collar jobs supported by industries like logistics, distribution, medical and medical device industries, and soon Ford will be opening their $6billion plant 20 miles outside of Memphis but that area will pull employees from all over the Memphis area.reach out if you have any questions!

Hi Hannah, glad to have you as part of this community! 

Flipping could also work if you want to be more active and use hard money to get in with less cash upfront.What feels like the best fit for you?

@Wells H. you can spend DAYS driving through Detroit!

Sub-2 could be an option for you where someone comes in and takes over the mortgage.

As @Cole Bossert said, you can/should get it retroactively permitted (if you buy it).

If you are working as a sub for me , you are interviewed , background checked , proof of insurance , license , EIN number etc .Sure hiring a illegal from a parking lot can be cheaper ..............Until they are not , they get hurt and file a claim against you , they screw up the job and it cost more to do it over than do it right .