Keep in mind, appreciation percentage is applied to the property value, not the equity.3 - If you took that profit, and invested into a new rental, could you CF that rental.

What percentage of the time do individuals pay their taxes in the 1 year period?

For flips, we usually create custom report to keep track of the project costs and another report to show historical data of all sold properties as percentage of income. 

What percentage of the time do individuals pay their taxes in the 1 year period? 

you can't use percentages for capex. 

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.

The vacancy percentage is higher than desired and it is very competitive to get renters into both units.

Where can I find detailed zoning information (beyond just the code, such as max building height, maximum percentage for building size, etc.)?

Total of $87,256 in non-cashflow gains again using percentage for cap ex.

This is not the time to invest, it is the time to research and have negotiations down for when the pandemic is over.If you are more of a developer there is affordable housing projects that makes sense to participate or build with a group as more people need affordable houses and regrettablely a high percentage will have to "downgrade"Vacant land is usually a good long term business.