Instead, a furnished rental model might better align with your objectives.

Picture a developer that purchases a piece of land and has sites to build on (or build model homes).

Arbitrage was a better model when there was stimulus money and revenge travel going on.

I would recommend chatting with many different contacts to see what fits your vision for real estate investing in Memphis because there are always pros & cons to every investing model and you should know what your options are!

We worked furiously over the weekend to cancel the other order before delivery could happen.

I'm currently modeling a 10 year hold period to be conservative. 

If you're not working with a local agent to help you screen tenants...I would say the best way to get as many eyes on the property is create marketing material - add to local FB groups and host 2 consecutive open house weekends showing a model unit and amenities.If you're close to any University Campuses - I would also suggest to partner with the university for housing opportunities for upperclass students.Good luck with filling those up!

Once you get your systems down, you have a real estate business model that you can take to any market and be still be successful.

I interviewed a few financial planners with different models and the fee only was the only way they get paid without me spending money (in trades, buying insurance policies, etc.).Talk to @Michael Izbotsky.

Also sec 8 is a great model if a pandemic or loss of income is a concern.