Real estate is capital intensive; so, that makes it more difficult to scale (despite leverage). 

We syndicated 75%, plus costs of the purchase price and financed the balance with a traditional loan.We shopped around for weeks to find the perfect loan with the best rates and terms.

However, you will find it difficult being that both of you are W-2 with your main activity to produce income being outside the real estate profession.

I've found that there are markets that have a balance of decent cashflow and decent appreciation and that's the type of market I eventually decided to invest in.I'm not too familiar with the different markets down there but I'd highly recommend looking into Candor Realty. 

If this is representative of the construction industry around other markets in the nation and assuming many of these workers are undocumented (they may very well be legally working here, but having been through the immigration process myself, that would be difficult) the impact on construction would be massive. 

My question back to you about Balance sheet is what % of RE investors that are not accountants understand what a balance sheet is and how do they actually use it? 

Of course we just had a few hurricanes, but that doesn’t make it extremely difficult to get insurance.

I will say that it will be more difficult to find a buyer for all 3, or trying to close them at the same time.

I did have one near downtown that I sold as that crowd was a pain, lots of parties and difficult guests.

Plus, Tennessee is a landlord-friendly state, which makes it easier to manage properties compared to more restrictive areas.There’s also a growing community of out-of-state investors looking at Memphis because it offers a great balance of affordability and return on investment.