Is Memphis TN a good market for the buy and hold?

But investing has returned to historic norms, it takes a 10 year hold approach to really see big financial benefits.

Considering that, may be wise to hold with what you've got until you resolve those issues and see what money you will have available to commit long term without risking a cash crisis if you use your available funds and then find out you have a $50k problem on your hand with the mid-term rental.   

We do not intend to hold afterwards.

From what I observed, the community is very tight & close, everyone knows eachother, and they hold lots of community events.

Ultimately our main goal build a portfolio of multiple different types of investment properties, buy and holds, rental properties, and fix/flips; but the wholesaling side of real estate seems like an attractive venture as we are just starting with little capital and it could provide us with a revenue stream to become a cash buyer. 

Although, I want to hold out paying for everything until it is finished.  

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The party with custody of the funds has the legal obligation to do this under the tax law if they hold the sales proceeds.

Buy and Hold?