Hey Elizabeth - I'd factor in about $10k to get a padsplit up and running when it comes to furnishing which would include washer / dryer, additional fridge, bedding/desks, common area furnishings if you want to offer a little better experience.I'm only familiar with ATL - I think accounting for 1 move in / 1 move out per month is a good conservative assumption here.$8kish / year or so on routine and reactive maintenance combined which should include your cleanings, lawn care, maintenance calls ect. 12% per month of gross rents should be a good estimate if you want to look at it like that!

Lived in Cincinnati about 10 years and worked in Northern Kentucky at the RiverCenter, so I’m familiar with the area.  

Plenty of resources here to get familiar with to gain insight on your REI journey. 

Does anyone know a lawyer there that is familiar with hard money loans and could update the paperwork ?

Hi @Latoya Tomlinson, I'm not familiar with the Kasa Parota issues, but I also haven't bought any condos from KASA.

And after watching videos and familiarizing myself with the platform, plus I have determination, that I can absolutely get good at this. 

Hourly rates can range from $150 to $500 per hour, depending on the lawyer’s experience and the complexity of the documents.In New Jersey/Delaware Valley, the rates can be on the higher end due to the higher cost of legal services in these areas, with some attorneys charging upwards of $300 to $500 per hour.In areas with a lower cost of living, such as rural locations or states with a lower overall legal rate, the costs can be lower.It’s best to shop around and get quotes from a few attorneys familiar with private lending and real estate transactions.

Has anyone worked with anyone good in that area that they would recommend.Ideally I would be looking for someone who is of course familiar with STRs, but is also okay working with a first-time investor.

I'm not too familiar with Memphis's market.

Get super familiar with your location of choice and work with people who have your best interests.