If you think like those gurus or think like those gurus, then you can kick rocks pretty much.Also put aside some money for appraisals, because if you don't do anything correct with a multitude of professionals, you can get sued.Plus these gurus who promise to jv on deals will screw you over.These gurus are pathological liars that need someone to publicly expose them face to face! 

IF you decide to move forward in Memphis, recommend buying the first one turnkey to get you going.You'll learn a lot about rentals and the market with the first one.THEN, if you like results you can look for agents & PMCs to help you buy more and save the 20-30% markup you mentioned.Recommend you also read below info to set your expectations correctly:_________________________________________________________________________We think the Midwest is a GREAT place for OOS investors to consider!

@Steve Powers is correct that these were mostly originated as owner occupied loans.

Mid-term clients (think traveling nurses, corporate relocations) often overlap with ALE's clientele.

Each of you are correct in thinking expectations were not properly aligned during the onboarding process.

Yes you are correct.

But if you bought your properties correctly, it will work out.

Matt, Still haven’t gotten mine done and the business extension only goes still Sept 15th if I’ve been informed correctly.

This property would have multiple income streams, including as an airbnb, wedding venue, bed and breakfast, corporate retreat. 

I think that first 100 days is up in July if I remember correctly.