I have not had that happen, but natural gas is a lot more reliable than power. 

The experience reinforced the importance of working with reliable partners like Billy Medlen and focusing on targeted improvements that maximize a property’s appeal and profitability.

They most certainly should seek legal opinions and consult with government agencies. 

You might also want to consult local property managers or rental market reports for a more accurate picture.When it comes to estimating CapEx during preliminary analysis, without visiting the property, you can use a general rule based on the property’s age and condition.

.: For context, I own two SFR:Find a reliable and affordable handymanPay an extra 5k down on my highest mortgage rate (8.5%)Rebuild cash reservesMax out 401k and ROTH IRAImprove my operational efficiency especially with bookkeeping.Goal is to eventually end up with one property for each kid to help them get started when they start family formation. 

In new markets, network, use a trusted title company, and consult an attorney for legal guidance.

Building a reliable network of contractors is one of my main goals for this year to help me scale up moving forward.

I think the most challenging aspect would be assembling a reliable team and ensuring everything runs smoothly from a distance.

Consult an attorney and tax advisor to structure the arrangement legally and effectively.This post does not create a CPA-Client relationship.

A good property manager who knows Memphis well, a reliable contractor, and an experienced agent who specializes in investment properties will be key.