Speaking of which, please feel free to message me the address.

Feel free to reach out if you need any advice. 

I haven't done any loans in Florida on buy and hold deals yet, so I can't recommend any banks unfortunately...But my buy & hold borrowers elsewhere always refi me out using small local banks, not the big guys.If you need some hard money to make this happen, feel free to give me a call!

We want to buy single family homes for rent.If Tampa isn’t a good idea, please feel free to recommend areas in Florida.Thanks in advance

I feel it's important to understand the laws of an area before you choose to invest there.

It feels like the GC is treating this major gut rebuild as an after though, or side gig, and not prioritizing it in relation to other jobs he has.

I agree an attorney would be a great idea, but what I've found with my own parents is they use their "old friend who's been an attorney for 47 years" who doesn't know jack about real estate.First, I you've come to the right place, please try to find an attorney on this forum who has knowledge and experience on the subject.

I am under contract for 3 properties, however there is one thing about it, one of them, its located in South Memphis zip 38109 (Mallory area).I know I know I live in Memphis, I know that the area is bad, however I am feeling that the market it pushing investors towards the hoods of memphis because it is getting expensive (even Frayser is getting crazy expensive which I find crazy), I did a few visits in that specific neighborhood and I honestly didn't feel it was really really bad as the rest of South Memphis, I am really not worried about tenants paying on time in my rentals because I always focus on Section8.Was wondering what are peoples insight in regards to investing in those areas with section8 tenants?

remember your first home is not your forever home, it's your first rental so it doesn't need to be everything you want.look for homes where the bones are good, but cosmetically needs love. don't by pre 1960 if you can help it. you'll end up just having to replace all the guts like plumbing and electrical at some point. it's inevitable. look in areas where the path of growth is headed, but might not be currently. think 5 years out. look for resources like your local chamber of commerce to see what businesses are coming in and where. your city planning office should also be on your call list as they can help show where most permits are being pulled for development. follow the money. go to local investing meetups. crowdsource local knowledge and form meaningful relationships. those who've gone before you typically will help out and help you avoid the mistakes they've already made. onward.

Have a competent realtor with market knowledge and transaction experience in the area you want to invest in will be good enough.