Please share the info if anyone knows any Attorney with excellent track record .Specifically looking for someone who specialize in partnership & JV real estate contracts.ThanksRavi Singh

Yet another reason Memphis is an excellent location for cash flow! 

I have a excellent credit score and cash.

The property has an onsight manager who excel at what she does and she has been there for a very long time.  

By all the metrics I’ve learned and discussed with other investors, I finally found a deal that both met my personal investment needs and provided the “real-life” experience to be more credible to JV and syndicate to scale.

Look at other similar properties on Vrbo and Airbnb see what their rates are.Drop this in excel and play with the occupancy numbers to get a good idea what your annual Gross income could be.Rates should vary for different times of the year so take that into account.

Another Chief (a previous tenant) also text me recently saying that he may be coming back & if so would like to buy the home.The Coasties have all maintained the property & have kept the property in excellent condition without us being involved.

Note that both are A class properties.Some observations:This week we are starting to see some properties coming onto market at attractive prices thus yielding excellent returns.

Should cost me no money out of pocket for the refi.Like I mentioned before, both of these properties are in excellent shape with very little expense having to be put into them, so cash flow is actually much higher (for now) due to low maint costs.Neither of these properties make sense if looking strictly at the 1% rule which is why you have to consider many things when making a decision.

I work with an excellent lender, Mike Spindler at AMEC Homes loans, and also think @Sean Blomquist at Pine Financial is an excellent source for hard money loans - and his meetups are very informative for how it all works.