I also seen and have heard lots of debate on if Memphis' can handle such a system and if we can sustain it and only time will tell but I personally believe just one thing when it comes to this.

I am 4.5 yrs out of college and work with a telecom real estate fund and have always wanted to invest in real estate on my own.

All 16 units would have to remain on same lot/deed forever (so in terms of value, I can’t capitalize on the duplexes being sold to conventional non commercial buyer) think financially it would be nice to phase it out one duplex at a time.

Zoning approval then a general contractor.It is not something I own or plan on doing  But there are small developments that pop up from time to time. 

Driving to and from work you should be listening to podcastsIn your free time, I would analyze deals.

Complete newbie here to real estate.

I'll look for a real estate attorney.

The timing for this varies but can take anywhere from a couple of weeks to a month, depending on the local housing authority’s schedule.Additional Paperwork/Procedures?

If you want to buy, give a couple Sears Outlets a call, they normally have a couple sets around and since they likely sit for a decent amount of time the store might be motivated to drop the price a bit to move it.

You must purchase new investment real estate.