Is there similar information on Multi-family CAP rates on either zip codes or known areas in Memphis?

Some mom and pop landlords will not want to deal with this and they'll sell the unit and there are less rentals available.

Once the rental home is sold, my half of the proceeds will be roughly $113,000 (this is after closing costs and taxes and is an estimation based on the current market value). 

My question is on monthly cash flow.

In my opinion you should move on.

We're also going to start MTR on our new property for travel nurses, how would I go about doing a notary signing then?

We have it listed for $184,900, and it seems like it could work either as a rental or a quick cosmetic flip.ARV: ~$235K based on comps in the areaRental Potential: Estimated rents around $1,700/monthCondition: Cosmetic updates needed but nothing major from what I can see.

I had several other investors lined up interested in this deal...

The furniture in the unit is ours, so we are responsible for that.We do get a separate lessee insurance policy on the furniture and such that we've placed in the condo, and we require our sub-lessees to get a policy as well.

Anyone have insight on these being better markets for traditional long term rentals vs. 30 day minimum extended stays / MTRs?