You need the right solution for your day to day operations.Your need is to make the management side easy, so that you can analysis your accounting, business and management all with only one entry.

It lowers your living expenses while building equity and rental experience.

A few can do higher leverage with lower experience (1-2) however you will need to have a high FICO (usually 740 or better) and it will need to be a light rehab. 

The core Nashville zip codes are competitive, so a lot of investors are branching into surrounding areas like Murfreesboro, Clarksville, and parts of Wilson and Rutherford counties where entry prices are lower but demand is steady.

As Jackie mentioned, entry prices there are typically lower, but rental rates often hold steady with what you see in Jacksonville or Orange Park (just across the bridge).

Hi @Jacob BryceI'm a Realtor here in Memphis, which is known for it's lower entry points and strong cash flow rentals, making it easy to get started as a first time investor without putting up a ton of capital.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

A lot of first-time investors end up branching into the Midwest because the entry costs are lower, rents are stable, and tenant demand is steady.

It's basically a giant credit card that has a lower rate because it's secured by your home as collateral, rather than being unsecured like most credit cards.

In the Midwest, there are opportunities with strong cash flow and manageable entry costs, which can make growth easier while keeping risk lower.