Memphis also has a diverse economy and a growing job market, which helps stabilize rental demand.Moreover, Memphis has a strong rental market with a high percentage of renters, which aligns well with a long-term passive income strategy.

Always happy to help

Zach also helped educate me about the process and gave me some information that other contractors did not. 

I also don't want to have to pay to furnish a 2,000sq ft home for those, or for a padsplit.All help appreciated!

They have worked on a lot of projects for investors I have worked with and I'm sure they could help you on this current or future projects .

However, if they do, they are likely just 'okay' with it and would likely leverage the 10-07 market rent analysis on the appraisal to actually calculate and determine the official DSCR during Underwriting.Hope that helps, if you do have a tenant who is willing to be flexible, the 12 month is always the safest bet.

Zero dog in the fight but I know they have very experienced people running their self storage division and are buying themselves to my knowledge.

Options are limited but I have a source that can help with permanent financing, i.e. 30 yr fixed, interest only 30 year term.

(But I'll try to give you a bit of a primer to help you out).First and foremost - in Florida - Foreclosures are usually ALL CASH transactions - meaning financing isn't an option.  

You'll have to connect with brokers who can help you source these type of deals.