2945 Lake Park Rd, Memphis, TN 38127https://www.redfin.com/TN/Memphis/2956-Lake-Park-Rd-38127/ho...Hello everyone, I have been seeing properties like come across the market and it's hard to not take a look. Properties...

It stands out as a small metropolis with an affordable housing market, good job opportunities, and easy access to nature.With a median home price of about $259,817, Huntsville ranked 26th lowest in our analysis.

A couple of thoughts specific to condo investing:1) Be sure to include the condo fees into your cashflow analysis, and budget for potential assessments as projected capital expenses2) Make sure the condo association is solvent - a good litmus test is whether or not the units are approved for FHA financing3) Make sure the condo association rules/regs allow for rentalsGood luck!

Leverage Market DataUse data-driven approaches to adjust your offer strategy: Comparative Market Analysis (CMA): Constantly analyze comparable properties in your target area to understand market trends, price points, and days on market.

.### Market AnalysisPerform a comparative market analysis to understand the local real estate market.

Hire a specialized company for lease and contract analysis to obtain more detailed information.5.

@Ted Barrettyour analysis is roughly correct. 

A qualified professional appraiser will generate a comprehensive analysis considering factors such as sales comparisons, highest and best use, market conditions, and income generated following Uniform Standards of Professional Appraisal Practice guidelines.

Thinking about a duplex, live in one and rent the other to a section 8 tenant, any local landlords that can give advice on rent analysis?

Learn how to analyze a deal, get in contact with some wholesalers/agents and attend walkthroughs and do a "sample analysis" after showings once you get a better idea of rehab costs.