@Bob RoachGood question, the rule of thumb is normally 2%, but, it's debatable and hard to achieve in certain markets.Below, is a link to #AskBP podcast 083 that gives additional details.https://www.biggerpockets.com/renewsblog/2015/08/1...

We offer both a commitment letter and have a link to our proof of funds on our website. 

Ok, now that you have taken your initial step, below are some quick links to get engaged.Since you never mentioned a niche of interest, I added three of the most popular ones for your review and selection.http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property)http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ (Ultimate beginners guide to wholesaling) http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/inviteshttps://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 aWelcome to the vibrant BP community.

Changing to S-corp status would most likely make sense at the beginning of the year relative to 2016.Contributions calculations are somewhat different in a sole proprietorship situation as vs once you start taking a w-2 from your corporation - though the amounts end up being pretty similar.Bottom line is that you will want to sit down with both your CPA and a quality plan provider and put together a strategy that will help you maximize the tax efficiency of your business as linked with a Solo 401k.

Here is a link to the Bigger Pockets podcasts covering wholesaling: Bigger Pockets Wholesaling podcasts. 

However, since they can say they have lived in the property as their primary residence for two (2) out of the last five (5) years, they qualify for the tax-free exclusion of up to $500,000 in capital gains as a married couple (pursuant to Section 121 of the Internal Revenue Code). 

It does look like some data mining based on key words, a link here, county records there...Always trying to sell you something extra... 

The full text of the ordinance is linked in the article.

The following report was just released by the Memphis Area Association of Realtors.Please check out the link below for statistics about November 2015 real estate sales in the greater Memphis, TN area.http://maar.org/assets/1151/sales_stats_for_november_2015.pdf

There are a lot of defense contracting companies which bring in interns so I think that would help the short term housing as well.