If people do not understand it they will not do it.

I would love to get a better understanding of what duplexes in this area actually sell for, and not just running my numbers based off of initial listing prices from owners.

My thought process was that I was dealing with a sophisticated individual that understands that a company needs to be profitable in order to be able to offer a valuable service.

To understand the background, you should go back to page 1 and read the entire thread. 

Memphis has actually come up a few times in my research but I have done no research yet to understand the area. 

I'm working with an accountant and I'm a little annoyed because I'd like to understand how the carry-forward suspended losses is calculated and I'm not getting a clear answer.

Curious about your favorite resources to get started on understanding the business model. 

That does not mean to buy the most expensive item, but to understand that the cheapest sticker price may cost you more over time.Do yourself a favor and look for quality.

I am in the same position that I want to start taking action but want to make sure I understand my paperwork and have a title and attorney who understands it in my corner.

Very few newer built investment type duplexes unless you go to someplace like Denison, about an hour north of the metroplex.If you're thinking about using the 2nd side as a STR, make sure you understand both the current law and sentiment for STR in the area.