Next steps: get pre-approved, set firm investment criteria (price, cash flow, cap rate, neighborhood deal-breakers), build a local team (agent, inspector, property manager, contractor), run real rent comps and conservative rehab budgets, start touring deals (or have your agent/video tour), and practice underwriting 5–10 deals so you can pull the trigger quickly; aim to buy the first one once your numbers, reserves, and team line up.

Great advice on practical tips to get others hours.

Your insight about how my leasing/marketing background can transfer into flips was really encouraging, and the practical steps you shared — especially partnering with a local flipper and paying attention to buyer questions at open houses — are exactly the kind of direction I needed.Really appreciate you taking the time to answer.Antonio

If not, what's the common or recommended practice?  

As you continue learning, start practicing by analyzing ARVs, rents, market trends, and getting familiar with the different Memphis neighborhoods so you truly understand what you’re buying.

The most common practice among landlords is to do a fully furnished summer rental Memorial day to Labor day and Winter rentals to local college kids.

That is proactive asset protection and truthfully the best and most practical form of asset protection.

If that piece is solid, I’d be curious to look into it myself, maybe even test a unit, because the speed and cost advantages are definitely attractive in today’s construction environment.A couple of thoughts from a practical/operator standpoint:1.

The 1st one was within possible noise concerns with a Navy practice landing field, it didn't know that fact.

This is a fairly common practice among condo associations here, but I'm not sure how standardized the language is or if there would be an angle there.