i like your idea to stay local. 

Recently, I've decided to do a cost segregation study on a new $490K property that I purchased this year.  I came across a firm (KBKG) that offers a $400 DIY cost study (paying for a membership).  I enter the informat...

Don't let them choose for you.Just inspect what you expect....Also I would talk to housing office in Memphis to get a feel of how many people are on the Section 8 waitlist, what kind of rents they pay, what zip codes are they targeting, see if they have any stats about how long tenants stay and average rent.While a lot of people try to look at google street view to get an idea of the neighborhood, there is no substitute for visiting in person.

Quote from @Samuel Coronado: Keeping it is a bad idea.

Hearing about your experience moving from a 4-plex to an 8-unit property gives me a better idea of what to expect as I grow my portfolio.

Also, good idea not to put it out there on the internet that you have that kind of equity, that will just attract more scammers!  

Maybe find a good designer that can provide services to install and setup the spaces.A lot of these ideas are going to depend on where you are buying.

If you track listings a full lap around the calendar, you get a real idea of the revenue comps in an area.

So does anyone have any guidance and ideas or know any banks that do rehab loans were all the money including labor is upfront and then we pay a monthly?

Any idea on overall how is the market from STR investment perspective?