Hopefully someone with a stronger intellect with spreadsheets will comment on that aspect.  

The economy will stimulate housing , the free market will take it from there . 

Then you'll have a much stronger position to negotiate from when attempting to obtain private funding. 

You don’t have to be as strict as a traditional lender, but it’s wise to check their credit score, employment history, and income stability.Flexible Terms for Stronger Buyers: If a buyer has a strong credit history and steady income, you could offer better terms (lower interest, smaller down payment, longer balloon).Tighter Terms for Riskier Buyers: For buyers with weaker credit, you might require a higher down payment, a higher interest rate, and/or a shorter balloon period.6.

And maybe look at doing a consolidation exchange to use all of that equity to  buy something larger where you can start to get economies of scale.

I learned to try and hide the Subject To in a trust, to try and buy Subject To Insurance in case the loan gets called, to not get title insurance because it's just another expense, and it might reveal something I don't want you to know,and that the economy never takes a bad turn,and that I don't need reserves,and I'm not told what happens if I miss a payment or what to do about it,or that I could get sued and investigated,and I have no idea what to do if the loan gets called with the Due on Sale Clause, I also learned, that I can make tons of money having other people spend a lot of money to join a "community" where they get to watch videos of me and discuss Subject To with other students who are equally ill-informed, but they never get personalized training and never buy a property.I'm all set to be in the SubTo community and be happy with equally happy people.It's all there, on youtube, video in color, with great enthusiasm.So, in direct contrast to that, we teach all of that (well not overleveraging, or not using title or the other bad practices)   "one on one", real time, personal, live, no videos, and you actually buy properties.

Also, the business case was much stronger than any LP deal I've done.

Additionally, Memphis has a strong rental market with steady demand, which is crucial for single-family and small multi-family investments.The city is also known for its diverse economy, including key sectors like transportation, healthcare, and education, which support job growth and, consequently, rental demand.

Diversified economy, loads of tech money, coastal migrants moving in who still think it's relatively cheap.

Columbus has a strong rental market due to the growing economy, population and job growth.