Most of the properties we buy in Memphis don’t start pretty. They’re tired, neglected, and usually sitting with a long list of deferred maintenance. The kind of houses most investors scroll past because they only see ...

This would be primarily to use the tax strategy of STRs to offset my W2 income although it's a lot more work than a long term rental. 

I want to get out of my Corporate America job and do this full time. 

You are probably right but I worry that with a significant injury- MVA, fire or heck now a days someone slipping on a banana peel that could result in a multimillion dollar lawsuit especially more likely if they know you are in a high income profession or own RE.

That’s a lot of life change happening at once — exciting, but yeah, timing matters here.You’re right that being near a hospital makes your garden unit a prime candidate for mid-term rentals (MTR) — travel nurses, patient families, medical staff, even corporate relocations.

Chattanooga, TN - Major employers are Erlanger Hospital, Amazon, Volkswagen, Bluecross Blueshield, Mckee Foods Corporation and Novonix.

I would also find an attorney who you really like and can assist on some of your corporate decisions (like LLC). also I would reconsider using business credit vs cash for an investment as too much leverage can be bad. welcome and continue to network !!

Be sure to review your state laws to determine whether entity grouping is permitted—grouping may be allowed, but each LLC would still remain a distinct legal entity.For ownership structure, you may add a partner or operate as a sole proprietor within the LLC framework; however, I do not recommend using an S corporation for real estate properties.

Guys like Brian Tracy, Joe Cossman, Jay Conrad Levinson and several others, long forgotten by most, played a major role in convincing me that I didn't have to be beholden to a corporation and alternatives existed.

You add on the fact that we see the same 100 billion $ handed over in a circle from one AI company to the next, all reporting it as revenue, the P/E ratio of the S&P500 is over 30 and that makes you wonder where corporate profits are supposed to go from here, inflation eating into consumers spending power - I would say @Collin Hays is right, brace for impact.Fortunatley, residential real estate is a relativley recession proof.