The 38128 is slightly below the median and is in a decent area, but definitely an area on the more challenged end of the spectrum in Memphis. 

There are of course exceptions, but so long as you pay your taxes, the US government won't challenge you or your business, so long as it's legal and it complies with the United States law.So the immediate answer is yes, you can do.

Challenges?

My developer client successfully defended the initial challenges and settled on this having PE rights, so he shifted the site plan to avoid the issue.

Cash flow often being reinvested into property expenses, which can make it challenging to rely on alone.

Challenges?

If you get dealt that character card, your primary challenge is that you need to replace a lot of income to get out of the rat race.

That experience taught me to always overestimate CapEx and vacancy buffers... it’s much easier to sleep at night when you’ve got those cushions in place.From what I’ve read in Bloomberg, these challenges aren’t unique, especially with rising rates.

Having a trusted team in place can make or break deals as you scale and face unexpected challenges. 

Next, arrange a site walkthrough to pinpoint any additional needs or potential challenges.