Recently, our real estate agent did a market analysis and estimates we can sell for between $575K-$585K, resulting in a net gain after all of our fees of about $100K.

Instead of following trends, tailor your space to the lifestyle of your target market.

Hey Jimmy- I'd be happy to discuss how things are in Beech and what the short term rental market looks like.

I noticed the market was shifting, so didn't run to get under contract until day 43 of the identification period.

I am in Tampa Florida so the investment market is huge here for both as well. 

on the one hand, if you're happy with it, and you believe in this market, and this is what you wanted, great. the fact that you're asking the question shows that you're being thoughtful about it.with that said, it sounds like you're into the deal for almost $90K out of pocket, and so if you asked me if i would put $90K of my hard earned cash into a property to get $175 month, the answer is no. 

Looking to build strong relationships and share insights on market trends, deal analysis, and renovation strategies.If you’re investing in Memphis or have any tips, I’d love to hear from you!

So the risk is lower, as long as the market doesn't drop 20% and stay that low for the next 3 years. 

Renting to a friend can complicate things, especially if you're starting below market rent.

Every market can be invested in successfully.