We can usually give you a price range immediately based on recent jobs and market conditions. 

Institute additional phishing attempt trainings with your IT group.Increase Cybersecurity: Ensure your software and safety protocols are up-to-date.

Someone is making good money in every market.

Before contracting on the lot, you should check with the local municipality to verify building requirements, current code requirements, list of required documents, surveys, soil tests, engineered plans, etc.Once you have identified your lot and finalized your estimate its time to build.You or your GC will get the permits.For the final build, there are 2 ways to build, as either a cost plus, or fixed price project.Hope this helps, let me know if you have additional questions.

Hey Patrick, a lot of investors are seeing they can scale faster in Midwestern markets, where the Price/Rent ratio is a lot better.

Dependence on Third-Party Banks: Fintech apps that rely on a back-end bank for processing transactions introduce an additional layer of risk.

Double-check whether one of those fees could be mislabeled or duplicated by mistake.Since you're using OHFA’s 5% DPA, you should expect some additional fees related to that, like possibly higher closing costs or mortgage insurance.

I pretty much second everything Chris wrote with the one addition of id recommend getting a personal loan if you could swing the higher monthly payments.

Should I focus on a market in-state or look elsewhere?

I've been here since 2007 (but only started investing in SFH recently) and have definitely noticed that when I see a duplex, tri, quad, 8+ they all seem to be in rougher neighborhoods...that being said, I myself definitely want to find some and may end up relying on off-market deals to find what I want.Let me know if you learn anything new about multifamily here in Memphis, I'd love to understand it more as well!