A friend of mine and I went to meet him at a local golf course and then we talked more about the opportunity over lunch.

It’s not necessary to stay local for these services as long as you have online bank statements or a solid way to get them to the bookkeeper.

The delivery guy told the local animal control. 

Reach out me as I am a local Realtor and can assist you!

can check out local apps like eventbrite or meetups

However this is something that will for sure affect MF construction this year and sfr is these Tarrifs hold.In the NW I know a lot of lumber comes from CA / BC to be specific but my lumber packages for homes i build in Charleston SC are pine so I know it local wood .. but you know the lumber brokers they will gouge if they get any chance to do so

The solution could be a creative financing solution such as a total or partial private note, an assumption of the note or LLC, a speciality or local lender, or any combination thereof. 

No, you cannot create phantom losses this way.Some additional issues that we have not addressed:- holding rentals inside an S-corp has many tax disadvantages- you will likely jeopardize your $250k/$500k capital gain exclusion for homesteads- you will lose asset protection afforded to personal residences by most states- you will lose your homestead exemption for local property tax - your insurance will have to change from owner-occupied to rental, i.e. go up- and there's moreConclusion: there're reasons why nobody is doing this clever "strategy" but A+ for trying.

I have been trying to get a distressed/value add LTR property under contract in my local market for some time now.

If you’re open to diving deeper into the Memphis market, I’d be happy to share more insights & connect you with local investors I currently work with that have seen recent success here!