Memphis has been an amazing market for BRRRR due to its affordable property prices, strong rental demand, and solid cash flow potential.Would love to hop on a call and go over your questions—let me know when you’re available!

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

I've run into some issues where clients get a little anxious over a valuation that came in low or a condition comes up that is fairly minor. 

These are things I would go over with the agents, and get the in there to see what is going on. 

I have personally specialized in SF homes for over 15 years now with Texas being one of those markets. 

I have gotten many leads reaching out to me over the years they have had that program

Is that 450-600k equity over and above a 70% LTV?

The basic answer to your question is likely yes because I believe anyone who inherits an IRA can roll it over and what you are talking about is a valid way to roll an IRA over I believe but get advice from a professional on this one before taking action.

As far as financing goes, I have now a steady income (although a small history), a FICO score over 760 (but never had a loan), and my dad who could co-sign if needed.

Hi @Todd M.We use the Eufy Floodlight cameras and they work over WIFI/Record 24/7 and comes with an app to view on our phone.