Partner Driven and Traci Stephens turned a solid profit without the need for major renovations.

The vast majority are wrong.

This property’s location in South End is a major win—walkability to shops, restaurants, and the light rail makes it very desirable.

Sufficient infrastructure: Companies select locations with major airports, highways, and a large population of potential workers.

It’s got a steady job market, especially with major companies like FedEx, Amazon, and international logistics hubs around here.

So, they just stayed vacant.Income reliability is another major issue.

Now, the contractor is threatening to file a **lien** on the property, which could cause major delays and additional expenses.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Memphis has a diversified economy, with major players in logistics (FedEx, UPS), healthcare (the Med District), and education (University of Memphis, Rhodes College).

Lastly, majority of of liens are posted in Judgement Lien Documents(JLD).