Plus, Tennessee is a landlord-friendly state, which makes it easier to manage properties compared to more restrictive areas.There’s also a growing community of out-of-state investors looking at Memphis because it offers a great balance of affordability and return on investment.

Here's an example comparing three different loan originations:Loan A: No interest reserve, but $15K est. interest payments for duration of the loan.

This is what is pushing up rental demand for small MF properties that having lower rents, fees, or total move in costs compared to other larger commercial apartment complexes.

To make sure the project is moving in the right direction, you will compare your progress with the baseline timeline.

In my developments, I went to everyone I could in the area and got the most RELIABLE (not cheapest) person in order to make my numbers work the best. 

As always, shop around and compare terms to ensure you’re getting the best deal.

It's true that you make more money in the long run with appreciation compared to cash flow.

For Livermore, the activity is slower compared to the general Bay Area so you would need to be more cautious on picking the right property to flip, and the margin has to be large enough for it to make sense.

Keeping service quality as a top priority definitely sets you apart as a reliable PML.

As I’m sure you know, Las Vegas is SUPER cheap compared to most of California, Miami, or NYC.