If it would help I can share a Investing Map of Memphis that classifies areas by risk, rental rate and price points.

This only applies to real estate classified as single family residences (1-4 family), so if you're selling an apartment building with 12 units, you are exempt from THIS Act since it is a commercial property.

*In addition to craigslist, I advertise on my alma mater's ad forum, my work classifieds section, and the next door app.

Local town’s tax acquired property, bank and credit union REO, auctions and private ads from newspapers and classified papers like penny saver, etc. have been good sources for me.There is a lot less competition in these areas and often some really good deals.

I’d also be reading up on the best way to classify it as there may be benefits one way or the other.

Hey guys, I was wondering if anyone knows of any way to get foreclosure Listings before they've hit the Internet, classifieds, etc.

Even with a property manager, I wouldn't classify owing property as passive. 

I am aware of the qualifications that must be met to be able to classify the income and expenses from this property as active and not passive...Thanks!

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

I ask not because building department will come knocking, but the appraiser will look at how the property is actually classified in zoning.