The rental market is strong too, especially in Midtown and East Memphis, with low vacancy rates and a 5% rise in rental prices.

So we are looking at purchasing a home (new primary residence) but we will be leasing back to the current owner for 120-150 days as the current build they are working on is being finished.I was told if I apply for a mortgage and disclose that it will not be my primary residence outside of 60 days from the point of contract that it will require a larger down payment and a higher interest rate.

When I saw Antoine Martel from FlipSystem Posting Advertisement on social media like this:"You only need $10K ~ $30K to invest in RealEsate doing Flipping and make 100% ROI in 4 months""My clients in FlipSystem averagely spend 4 hours in managing each Flip Project""We help you to quite your JOB in couple of months by doing Flipping""We have few hundreds of success happy client - (Actually there might be few hundreds of clients losing their hard working money)"And lots of other advertisement stating: "Easy, Fast, Low RISK" in their programI thought: "Wow, doing Flipping is so easy and profitable and low-bar to enter in, I should join their program and start make money!"

There's DSCR lenders that'll do 5-20 units, but they often have minimum value requirements of $50k/unit.MS can have some low priced RE, that's why the price being too low is the first thing to come to mind.

I currently own 2 properties, and in the process of looking for my 3rd, which will be my primary home for my family and I.

The bottom 75% of America will have to look to the rural areas and keep a low cost lifestyle, paired with a low Not just Austin...

Price materials and labor cost will depend on how large of scope of work but a good company is going to be around 3500 a week plus cost of over head we also pay 30% tax on our income also like you guys but if you anticipate 4 week rehab well be ready for minimum of 14k in labor +14knis low end in my opinion... now I'm currently eating my lunch on a rehab from hell but it's gonna be a work of art from where it came from... this was the worst of the worst in my career water damage to all structural raised the roof on a horrible addition and did it correctly. 

@Alex Ng I think Birmingham is a great place to invest because of the cheaper prices and low taxes.

My current goal is to reach 8k/month in cash flow.

Some details on the deal below:Mortgage rate on the property: 3%Monthly mortgage payment: $1200Amount owed on mortgage: $230KCurrent property value: $370KEquity: $140KDue to the low mortgage payment and high rent potential in this neighborhood I would like to assume this loan and rent this property out as a long term rental.