To ascertain the effect on your tax status, including any potential advantages and deductions, speak with a tax specialist.Consider how your condo purchase fits into your long-term real estate investment strategy.

I don't really see alot of investors doing STRs in Memphis, although it is done.. it's not the most lucrative strategy.

Have you done any other investments and do you have any strategies you plan to follow when it comes to investing in the future? 

This is clearly a strategy many people utilize and have had success with, but many gurus have preached this as a sure thing, when it is anything but.The risks you are taking on is: not truly knowing the market, not truly knowing your tenants, not truly knowing your property.  

TWO EXIT STRATEGIES… proven strategies… or you’re not a professional investor… you’re just gambling with your family’s money.Almost ALL of the “ deals” I have been pitched in my region of Florida are built to assure that the wholesale gets rich… period. 

I would also save a huge amount on interest and pay the loan off in 12 years if I continue this strategy.

I've operated in 9 markets during my time as a MTR operator and as our strategy has evolved to work more with businesses we often see average vacancy that's higher than 1 month.

He will remember this was one of the best opportunities he took looking back and I aim to assure I help him in his success in placing tenants and guidance learning how to run the rehab and assist with my resources.Check my profile out as Ive mastered the BRRR strategy and help others with the experience I've gained along my journey.

Background: My wife and I live in San Jose, California, where we are renting a basement apartment from family for a great discount. Both of us have corporate jobs with decent salaries, so we are saving about half of o...

Here is a link for key questions to ask the various dev team members who you'll hire to execute your strategy as well: https://drive.google.com/drive/folders/13Z0B7mV--YRtVN3TJhez...Just shoot me a DM if you'd like to connect.