I can speak to two of the ME mountains - I prefer the areas around Sugarloaf and Saddleback mountains since you also have the lakes there (Rangeley Lake and Flagstaff Lake) which drive more consistent business in the summer months as well.

(I assumed with a $500k annual income they should have a couple million plus after 15 years.)On average I tried to put down 20% to avoid PMI. 

And that number is higher because it is a turnkey company charging a premium.A couple questions:Having never been to Memphis, I think boots on the ground opinions about neighborhoods is as valuable, if not more, than data I can gather on the internet.

Had spent the last couple months sourcing materials for great prices from various avenues, purchased a majority of the replacement windows.

@Mike Lambert I just saw this message that you invested couple of month ago una place in PDC.

But life took a different direction, and I left after only a couple month and rented the place back out.

I prefer not to put any $ down as 10% would be $150k for this project.

If one of you decides you don’t want to go in a couple weeks send his money back to him. 

I also dealt with a buyer last year who overpaid for a house by $300k because they didn't "need" my services as a buyer's agent (a couple who I know who bought directly off of their landlord).

@Rob Trufant I wonder if your criteria may be a little unrealistic for the current market.In Colorado Springs (and most other markets) House hacking is tough to cashflow in year one (with current house price run-ups and interest rates) for a couple reasons:1.