Is this the correct first step?

The biggest challenge I can see for this is that I hear it's a pain in the *** for the seller to go through a local community bank and confirm their income for their approval for a mortgage, and there are local/community banks that will approve 95-100% LTV loans based on how profitable the deal is.

This would be our first STR.

Not to mention the FED meets this week and are expected to drop the FED rate by .25 basis points.

Maybe this comment will bump your question.

I haven't seen a discussion about this on the forums yet, and figured I'd start the conversation.In case you missed the news this week, billions in trade came to a screeching halt at U.S.

I have lived in Memphis all my life but do not know if this is the market I want to pursue.

Anyone dealing with this new bill conflicting with existing lease?

-What are the experiences of the group in negotiating with the seller/agent to bring the price down because of this fact.....Do we hope to get all the way down to ACTUAL cash flow value? 

This will save a little until rental income gives us additional funds to use for the back.