Memphis seems to be lagging behind a bit on the millennials train compared to Nashville which is why I believe it's still a great place to invest - the prices are much cheaper than Nashville. 

Reason is you could get involved in lawsuits based on something that the prior owner did, and the tenant decided to sue the LLC after your takeover.

I've only been hear a few weeks myself, but have been real estate investing a while.To keep it real simple, you want your dollars invested to be low compared to a higher rent. 

I have since moved out and would like to refinance but the comparable sales aren't high enough to get me to 75% LTV without having to put my own money into it.

For core/core+ the NOI/cap Rate model with IRR to compare it to other deals works well.

Hey Tyree, What about note investing do you find attractive compared to other strategies?

Is it 60 days prior to closing or 60 days prior to my mortgage application?

But the sponsors (and passive investors) can do very well if market conditions stay favorable or if they exit prior to a correction. 

Keep checking on Zillow, Redfin etc when comparing turnkey numbers.

I recently did an evaluation on all properties that met my definition of bread and butter - listed for sale in RI and Southern MA for less than $400k in both MLS’s (ran a query and exported results for each) and was surprised to find that on average the cost per sq foot (list price compared to living space) on average was higher in RI than Mass.I am looking for fix and flips and am always looking for property with low sq dt to list price ratios.