I have from time to time spoken with the city administrator, economic developer, & a person at building planning commission.

To build momentum, I’d start small, assemble a reliable local team, and ensure the properties I invest in have strong fundamentals.

Also any tips for automating this as much as possible and how to protect the property financially and property management would be appreciated.I ALMOST understand the rental arbitrage strategy if building a company scaling with say 30 + units and looking for high short term cash flow.  

Looking to build strong relationships and share insights on market trends, deal analysis, and renovation strategies.If you’re investing in Memphis or have any tips, I’d love to hear from you!

For the residential side, check nearby apartment rents and recent sales of similar mixed-use buildings to get a sense of value.

Hello Derick, If you have not already done this, I suggest the Build Your Investing Team> menu/link at the top left of the page on Bigger Pockets and go through the process of building a team.

Would need to know about locations of your buildings and current rents to see if there is anything that can be done now to get numbers a bit better.

The #1 way to build a pile of money?

I'll work with an attorney to assist with drafting that.Q2: Yes, I'll talk to my CPA but we'll most likely hold the property for at least 1 year under the LLC given our timeline to design, permit, build and sell the property, meaning I should avoid short-term capital gains.  

I really want to do an apartment building but i want to build a track record first of smaller deals and just looking for a strategy to get into deals similar to a subto or wrap.whats an agency loan?