I wanted to share some insights on the Memphis real estate market for July 2024.

Considering their LTV is at market or debatably below market (depending on the asset), if the interest rate or loan terms aren't advantageous, I'd also suggest getting quotes from other lenders.Since you are located in upstate NY, I'd look for local banks.

The construction cost is estimated to be around $180,000.Buying a Property in the Midwest: Alternatively, I could take the $180,000 and buy a property (or properties) in the Midwest, where the rental market is more affordable.

Charleston is such a great market.

Were you getting others offers when it was market, and how long has It been on market?

Specifically, I would appreciate recommendations on the following:What courses, certifications, or degrees should I pursue to gain a strong understanding of the real estate market?

My thought is I buy a multi-fam (off market preferably) and house hack for 2 years then move south.

Many of the most successful (read as: founders that are worth well into the 9 figures, have survived multiple market cycles, etc) syndicators I know started by working in real estate for other companies.  

Or a general rough number for interior painting.I fully understand every market will be different.

Option 1: Keep the home and rent it and cash flow about $2,000 per month while it appreciates.Option 2: Sell the home and cash out.Option 3: 1031 exchange the home into 4-6 units in Knoxville which would be about the same value.More info: Riverside as you all know is a great appreciating market but not landlord-friendly being in CA.