With rehabs you can get to significantly lower purchase prices and typically the lender will just be looking for  a100k+ ARV so that you can refinance out of the loan once rehab is completed (100k as-is value is pretty standard for DSCR loans).With rehabs experience is the biggest factor to LTV and rate so partnering up with someone for the first one or first 3 will get you significantly better terms (working in the same area can also provide benefits in terms of LTV).

Had a call yesterday from someone who did seller financing, did not use an attorney and has no idea what they even signed or understood the terms.Mind blowing

HELOC will save you on closing costs (depending on the bank) 

Newer isn't always better, and this picture sums it up pretty well. 

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!

They typically communicate that they will be late and do end up paying the full rent plus the late fee by the end of each month.Unfortunately, we've reached a point this month where they submitted a partial payment at the beginning of the month and have now become unresponsive and have not paid the monthly balance.

When starting out, I think you should at least be able to get to your property several times within the first couple of years to en reasonable amousure everything is set up and functioning properly.

Follow up and ensure the loop is closed quickly.When you call the city ask what triggered the visit.

Hello, Tenants for 2.5 yrs and I recently sent the Tenants our agreement to sign but they never returned it.

Then this offer in a different town came up.