Can anyone offer some insight or good practices to do when purchasing.

Are there any restrictions on re-selling it also as a subject to to a new purchaser? 

@Ricardo Serrano this copy & paste info may help...Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

I'm very close to purchasing my first Memphis property.  

Purchased for 72k.

Purchase price: $98,000 Cash invested: $31,000 Sale price: $166,000 We acquired 1212 Ridgmont from a wholesaler, and it turned out to be a straightforward rehab project.

I am looking forward to connect and purchase a investment property.

We purchased a house back in 2017 for 140k that is now worth approximately 265k.

Purchase price: $22,000 Cash invested: $35,000Currently rented. 1999 3 Bed 2 Bath Mobile Home Updated kitchen and master bath.

Purchase price: $290,000 Cash invested: $20,000 Sale price: $390,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a deal on Cypress Place, Los Banos, CA.