Quote from @William Christiansen: Quote from @Charlie Hardage: @Carlos SilvaYa, it definitely works depending on your cash flow and numbers.

Definitely on market.2) This is such a tough question to answer, but I think it might be something along the lines of don't overleverage.

Focusing on A-B areas and taking a hands-on approach definitely helps with maximizing cash flow and equity.

And you can definitely pay off your home faster if you focus on running all of your expenses through it and watch your expenses. 

It’s definitely possible that not having a garage could be a deal breaker.

I'm not saying that this isn't right for SOME houses, but it's definitely not right for all!

In memphis rehabs and rentals are definitely a thing. 

Definitely do more research on the BRRRR method as that sounds like what you're trying to do.

Quote from @Rereloluwa Fatunmbi: Quote from @Andrew Steffens: You definitely saw what I was getting at - this house IMO looks like a great place for a bachelorette party / bridal party etc. 

Secondly, you'll definitely want to confirm with a tax strategist with experience in the STR space to confirm if the setup you describe will pass as an STR with the IRS.