This all goes back to practicality and these strategies offer no benefit and are completely impractical for 99.9% of real estate investors. 

If you ever want to explore the Memphis market or just run through deal analysis for practice, happy to connect and share what’s working for investors here.

Here’s how to think about it, both practically and from a tax perspective:Timing: Most investors don’t rush into an LLC for their very first rental.

We are not licensed to practice law in Little Rock and for you to ignore the attorney you paid to give you advice is mystifying at best and . . .

Practice with a few properties ahead of time so you know what a good deal looks like. 

They keep your money for 2 weeks (to collect interest off your cash) which I’ve found is not standard practice.

Talking to a good mortgage broker now will help you understand what you’ll qualify for, how much you need to save, and what steps (like boosting income or credit) will make the process MUCH more smoother when you’re ready.Lastly, practice the numbers before you buy.

I always include a partition waiver (so no one can drag this into court) and a practical exit path: first a right of first refusal (ROFR), then a buy-sell if you can’t agree.

What are the best practices for suing a tenant for expenses related to eviction and recovery of costs to clean up after them when they leave a mess?

The sessions are packed with practical strategies, and even more valuable are the people you meet — agents, lenders, investors, and other newbies just like you who could end up being partners, accountability buddies, or part of your long-term network.