I am local to the Memphis market.

Quote from @Kishan Purohit: @Heath D WallaceTo get this deal to cash flow, you could look into increasing the rent if the market allows or reducing operating expenses, such as lowering management fees, vacancy rates, or insurance costs.

We do them here in Phoenix market.

But it really depends on how good your marketing is.

Hey @Paul LaValley welcome to the forums, and phoenix and Tucson are great markets, what makes you interested in those markets specifically?

You’ve already got a solid foundation—understanding market trends, deal structuring, and negotiations will give you a great head start.I would recommend focusing on learning one niche at a time.

But to date, I've just set my rents at a rate that accounts for me having to pay the water bill - and informed the residents that each year I'll increase the rent based upon my expenses (including water), so keeping the bill down helps me to help them.But one problem this could cause is if increasing the rent to cover the water bill then places your rent above the market rate.

Focus on networking with local investors, learning market trends in your new area, and deciding on a strategy that fits your goals.Good luck!

Since you're focusing on Dayton and Cincinnati, you'll find plenty of opportunities in those markets.

Hey- We also love the IL and specifically Chicago market, here are a few ideas for you: 1.