Memphis's diverse housing market means there are options for different budgets and strategies, whether you're targeting cosmetic renovations or full rehabs.Best regards,Drago

While opinions may vary, I rely on data to help drive real estate decisions and planning.Key ConsiderationsEducational Attainment: 77008 boasts higher numbers of residents with bachelor's (12,241) and master's degrees (5,739) compared to 77063.Demographics: 77063 has a higher percentage of foreign-born residents (41.02%) which typically indicates a strong rental market and with 76.86% renter-occupied versus 32.60% in 77008.Economic Factors: Median income in 77008 is $140,609 with a low unemployment rate of 3.37%, whereas 77063 shows lower median income ($51,899), higher unemployment (9.99%), and more families below the poverty level (16.51%), which may indicate economic diversity but also potential rental payment risks​​.Age Distribution: 77008 has more middle-aged residents (35-54) [8970 compared to 6,115] and a slightly higher proportion of young adults (25-34) compared to 77063 but both are popular with younger adults suggesting strong rental markets equally exist.Housing Market: 77008 features a higher percentage of family households (52.39%) and married-couple families (44.77%), suggesting stability and potential for property appreciation.Digital Advertising Demand: Houston Heights apartments (77008): 50,000 average monthly searches.

I have a staff of Maintenance Techs and we fix lots of items for a profit while at the same time saving the owner money, win/win.We are transparent company, and we provide all receipts upon request.

It's detailed, thoughtful, and specific with links for each item making it fast and easy to find and purchase everything you'll need.

The wealth of information shared is nothing short of mind-expanding, covering diverse aspects of the subject matter.What sets this mentorship apart is not just the depth of knowledge but the genuine camaraderie among members.

Other answers might include the acronym CIA:  Credit Income and Assets but that leaves out the items Brandon mentions.   

You could try and itemize the invoice and DIY the cost seg for the bathroom reno.

Depreciation is going to still be offsetting cash flow quite a bit - when you accelerate depreciation, it doesn't technically do absolutely every depreciation item in year one, so there still is going to be quite a bit of depreciation to offset your cash flow.On top of all of this, the tax benefits largely are going to come in year one to offset your income.

I had a similar issue as a buyer's agent and I had to go back and forth with the builder multiple times and even back up the closing date because there were a few items to take care of, have your agent represent you on that. 

Generally, only 1 or 2 years of  business and personal tax returns (depends on how long your business has been around) should be the only additional docs needed for most self employed vs W-2 wage earners.and the items mentioned above are not relevant for a qualified borrowers (and some are down right incorrect).