Connecting with a local expediter or a GC who regularly pulls permits in the area can help you navigate this quicker.3️⃣ Financing & Appraisal Risks – Depending on how bad the foundation issues are, lenders may be hesitant or require additional conditions.

He also said he'd help me acquire large multifamily, but then had never even heard of Crexi, or Loopnet and had never owned anything larger than a duplex. 

As always, DYOR (Do Your Own Research) The area has a mix of stable, long-term residents and rental demand—especially with Section 8 tenants—but it does vary block-by-block.Key things to consider are Rental Demand, Property Condition and Management (a local property manager can help navigate tenant screening and city requirements)It’s not as bad as the headlines make it seem, but success here depends on buying right and the right property manager.

It's a very competitive market there.I think your 203k approach will likely be a leg up in deal hunting as you'll be able to take on an investment that needs a bigger scope of work while others might be looking for a more standard value add situation.let's connect. i'd love to help however i can

A tax professional can help determine if you meet the criteria for deducting expenses in 2024. 

It is such a common practice for these management software companies to charge these fees, so I assume it is not an issue, especially since they are a third party and the fees cover more than just the credit checks.Any insight is helpful!

Thank you in advance for your help.

There are a lot of really good people in the Memphis real estate community, and plenty of people will help.  

The other platforms can sometimes help, but they’re not as reliable.

Any tips or advice would be super helpful!