Choose your property wisely, multi-unit properties like triplexes and fourplexes offer potential economies of scale and income diversification.

Makes a huge difference especially in our economies of scale business model. 

I am not at the point that I can take advantage of economies of scale, so I plan to continue managing my properties.

The city’s diverse economy, driven by key industries such as transportation, healthcare, and education, supports a robust rental market.

Memphis also has a diverse economy and a growing job market, which helps stabilize rental demand.Moreover, Memphis has a strong rental market with a high percentage of renters, which aligns well with a long-term passive income strategy.

In my personal opinion, I think the largest factors will be the state of the economy; primarily unemployment rates as well as GDP growth.

As you may know, a good portion of your monthly rent will not go in your pocket, it will go to the constant maintenance, upkeep, repairs, taxes and the like.Fourth, ask yourself... if you have a vacancy, the economy goes in the tank, you have huge unexpected repairs, etc....will your tenants chip in to help you out?

then when something similar to something you have seen comes up, you'll have a much stronger idea of whether it might pan out or not.and - would walking the properties give you more info than you would get from an experienced contractor or inspector? 

A japanese company bought the refinery December 2015, the economy will come back when it opens for productiin and employment again.

It is massively different in the Uks market as years ago there was a big market boom where house started went Up by £100,000s of pound  sand the henchmen the economy crash happened and now money is made throughout rentals and lease deals Anschluss house flips.