We also created a free Memphis zip code guide that will help you identify which areas you should be looking at!

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

Much of this is loan underwriting and it can identify a quality note.Today, you should turn over any note you buy to a mortgage servicer, for about $300 +/- a year you'll avoid tons of regulatory issues, tax filings, notices required and collections with a performing note.

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

I would identify a market based on your current capacity and begin to network online and here on BP to form a solid trustworthy team to help you get going. 

If you have a relationship with the seller, if the property is fairly priced, if the seller is motivated, and you identify it as a deal, then you can send an LOI after the first call.

My key goal is to get educated as well as identify sponsors with a consistent track record and good operators who underwrote and have operated properties well.

Monitor guest feedback to identify and address areas for improvement, enhancing the listing's relevance and appeal.

Assets identified in this study include:Appliances: Dishwashers, refrigerators, and ice machinesInterior Finishes: ceiling fans, flooring and decorative wall treatmentsFurniture and Fixtures: shelving, counters, mirrors and cabinetsSpecialized Equipment: diagnostic machines and hydraulic liftsSecurity and Communication Systems: key card readers, telephone connections and security cameras30% of the total depreciable basis was classified as 15-year class life.

The rules are as you stated. 45 days to identify up to 3 properties you might buy, 180 days to close.