Hey BP,I am looking at 5-plex opportunity deal and was hoping for a little insight on cap rates there.The property located in 35204 zip code.Does anyone happen to know what average cap rates are at right now in that area?

Hey BP, I am looking at 5-plex opportunity deal and was hoping for a little insight on cap rates there.The property located in  35204 zip code.

If you have to bring in a partner with more experience and or funds, that may also be an option to help maneuver through this deal.

unless you have some kind of advantage, or creative strategy, or both (boots on the ground, sourcing quality off market deals, MTR or STR, house hacking, etc.) there is really no market where you can get a few hundred plus in cash flow with current off the shelf rates.you should 10000000000000000000% not buy a random property in Memphis because an Excel sheet tells you you will make $212 a month on it.if you want to go to Memphis and spend a few weeks there, drive around, meet PMs and other investors, and really lean in - go for it. 

So, I am not sure how I would pursue damages and unpaid (2 months rent) if I wanted to.In hind site I should have kicked them out, but I didn't - lesson learnt.  

Do act quickly the deal won’t last much longer

They're doing their job which is to get your almost-there deal over the finish line.

Refinancing my first Brrr deal and I’m looking to buy my second property near cinci/Covington because I’m wanting to get into mid-term rentals.

After the birth of our second child, we both REALLY wanted to be our own boss and we were presented with a great deal of a house to flip.

From an engineering perspective, it wasn't that big of a deal.