This will give you a tremendous advantage because your cash flow will be a lot better than a non owner-occupied investor purchasing the same property on a 15 year am at 5+% interest rate.

Buyer being SUPER disappointed because the property was definitely destined to be an STR.1.) needed 1 hour fire separation between living units (required 3/4" special sheetrock) which required a tremendous renovation including displacing all the utility lines currently running through the ceiling.2.) needed ceiling height improvement to do #1 (not going to be possible)3.) needed a sidewalk around the side the house (for fire/rescue)4.) needed all utility shut-offs, and utility control accessses in a shared room or separated by unit (again for fire rescue)There was more, and this is specific to one municipality in Minnesota, but you get the drift. 

It can save you tremendous frustration later on if it is done correctly from the beginning.Best of luck to you moving forward!

If there is an eviction the cost is around $250 paid to the attorney.Memphis is a great marketplace because it is the world's largest distribution center and tremendous job growth is occurring here.

Unless you have tremendous experience and a network of wealthy private investors, I do not really see this going anywhere. 

I know I kick myself in the butt for a house that my mom told be about that a lady was having trouble making payments on, sure enough a few months later she sold the house way underpriced and it appreciated tremendously do to the fact that it was growing in a well known area!

There is a tremendous amount of knowledge to be found within this network.

BP has a tremendous amount of information to help you, but it is only available if you seek it out.

BP has a tremendous amount of information to help you, but it is only available if you seek it out.

You will find this a tremendous resource for all of your real estate needs.