My goal for the next 2-4 years is to eventually have enough cash flow to focus on my college and starting a business.

Welcome @Hogan Chouinard,Memphis is a city with a strong workforce that offers low-cost entry and provides consistent cash flow to investors.

I've also been considering this as an idea for generating cash flow with minimal capital outlay. 

Had a 790+ credit score and then nothing as we went a few years debt free and cash paid for everything.

We are real-estate investors from CA & trying to pick an OOS market with Tulsa (stable economy and future outlook, modest appreciation & reasonable cash-flow).We heard from family/friends about new construction duplexes around the Tulsa metro targeting investors. 

Any suggestions on how to best structure the deal in order to put down less cash or be able to take the cash out if I buy it low enough?

Purchase price: $80,000 Cash invested: $72,900 We have less than 2 weeks left in our fix and hold project in Pittsburgh, PA.

I looked at almost every market in florida before I relocated from columbus ohio because miami Dade County has the most net migrations in the entire United States for one county. we build it in columbus ohio and it is worth approx 215k a door but down here all you'd have to do is change the assemblies and in miami that triplex would be worth more than 300k per door so closer to 900k depending on where you built it. new construction single family homes are going for around 330 per sq ft in the same area and a triplex is considered residential. by building codes a 4 unit is commercial I'd recommend 3 unit first or going as many units as possible if you have backing or your own cash. for each one we do we recommend 100k of liquidity. 

It's a supportive and knowledgeable community here, so I'm sure you'll find valuable insights and connections.Good luck!

Assuming  this revenue ruling still stands, it mirrors the SC situation nicely, meaning it would support your acquisition date of the real property not starting until you have taken possession.I think this would be highly dependent on the terms of the local jurisdiction as well, so what might be correct in one jurisdiction, could be completely wrong in another depending on the rights acquired related to the property.But happy to be pointed where I am wrong!