I guided a newbie to flip a $15K Cherokee STR setup into $60K annual profit, funding his first long-term buy in 18 months.

They used to talk about the 2% rule, which was basically a ruse to get you to buy in the absolutely worst part of town where you got 2% on paper and only on paper.

Many of the best investments are the ones you don't buy.

Does anyone have experience with buying rental or STR property there or have a connection there that I could speak to?

-Most importantly, this is a normal buying process.

Investment Info:Single-family residence buy & hold investment.

It’s like everyone’s telling you to go left, then right, then left again.But let’s get back to basics: money is made on the buy—meaning, the discount you get when purchasing a property.

BUT that $170,000 would give us the potential to buy a few more long-term multi-families.I'm absolutely positive that there are things I'm not considering, but any help, opinions, and considerations would be appreciated!

We spend about $10-15/foot on our buy and hold apartment renovations.

Quote from @Crawford Peay: Hey just wanted to jump on here and introduce myself My name is Crawford Peay, I am located in Memphis TNI help investors buy and sell properties along with managing their portfolios in Memphis and the surronding area!