One of the keys I've found is focusing on neighborhoods that are on the upswing—places with signs of revitalization where you can still get affordable properties.In Memphis, I'd imagine a similar strategy would work.

This way, they can continue to receive steady monthly income without the headaches and responsibilities of managing the property themselves.Of course, I always recommend sellers consult with their accountant to fully understand the tax benefits, but many I’ve worked with have found this to be an appealing option.

I’d love to try and network with as many locals as possible and see how we can all work together! 

All to say this version of house hacking has worked for us four times in a row now and in 3 years we have 4 properties (currently) one in a location we thought we never could afford.

I'm exploring different financing options to expand my real estate portfolio and I'm interested in learning about various terms and rates that have worked for others.

How do you typically balance cost versus quality when outfitting a property?

Building strong relationships with lenders is key working with local banks or credit unions that understand the market can give you an edge.

I was going to begin working with them this week.

Grandfather rules rarely apply or work for STRs in most locations and apply to existing STRs there.

We're all in this to build something meaningful, and I'd love to hear more about what you're working on in Norfolk!