Conversely, if you're interested in short-term rentals, I recommend using tools like AirDNA to identify markets with high potential, based on the market score of the surrounding region.Additionally, understanding your financing options is crucial.

The site has no identifying characteristics of the business in any way.

This is my current process: 1) screen for price range/target neighborhoods, 2) Calculate rent/value to identify properties at or close to 1% rule, 3) review photos/other info to ballpark estimate post-purchase capex followed by a more detailed deal analysis, 4) request contractor inspect the property to get true capex estimate, 5) make offer if the numbers work.However, since Febrary I've only gotten to #4 once and never to #5.

Finally, consult with a CPA and have them review your situation, plus ask for a recommendation on whether to do a cost seg and which cost seg company they recommend.For a property placed in service in 2024, 60% of the value of personal property and land improvements identified in the cost seg will be bonus depreciated in the first year. 

Wholesalers often have properties at below-market prices, and realtors can help you identify potential deals in your target areas.

Wondering how hard it is to identify a property that you can STR before you purchase it.

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

If you're coming in short monthly to cover these, identify where the "leakage" is. 

This would in-turn increase the building value.I have identified total costs and time for this potential change, and was curious what resources or anecdotes you may have to analyze the cost of the zoning change vs the residual outcome and lift in value driven by an increased buyer pool.

This integrated approach helps mitigate risks and reduces the complexities of managing multiple service providers.As you consider investing in Memphis, you should evaluate the local market to identify neighborhoods with strong rental demand and growth potential.