It makes sense that breaking ground on virgin land would be the most costly, intensive and time consuming approach, from a development standpoint, especially as a first venture.

@Oliver Perry If your team has not considered doing a cost segregation study on the property, they need to.

However, I barely notice is because it practically blends-in the with the rug. oGet new lighter colored bed covers, ideally white. oLiving room is too dark.

We take chickens, sheep, and virgins!

anytime I see capex as a % I think that's a mistake.A roof costs about the same in Mt Oliver as it does in Mt Lebanon.

Breath Jerryll, breathe..Now sacrivice 3 virgin goats, and I will show you how!

PfftThat will be 3 virgin goats, 2 fat ferrets and a shaven chicken.As always.

That might give you some additional thoughts in this very important subject.I like Olive Garden after the lunch rush.Good Luck!

Also, Desoto has better public schools compared to Memphis so that is a draw to many renters.Memphis is great, but check out Horn Lake, Southaven, and Olive Branch in Desoto County as well. 

Hello BP members, my name is Frashod and I currently live in Olive Branch, MS.