And will try 3% appreciation as I'm practicing running numbers, and consider going a little further out of the city. 

#CommercialRealEstate #CapitalStack #MezzanineFinancing #CREInvesting #DealStructure #DevelopmentFinanceFor those of us Hillbilly's in the backwoods, please explain your usage of "Mezzanine Financing" in practical terms for buying rentals and what it means for the tax write offs.

For a single-family residential property, the options outside traditional rentals are limited by zoning, but there are a few creative paths people have successfully used, like home offices for remote workers, small professional practices, or creative studios if local ordinances allow. 

You’re definitely doing the right thing by learning first before diving in.A couple of books I’d recommend are “Short-Term Rental, Long-Term Wealth” by Avery Carl , really helpful for understanding how to choose and run your first STR and “Optimize YOUR BnB” by Daniel Rusteen, which has tons of practical tips for setting up and improving your listing.If I could share one piece of advice, it would be to really dig into the local regulations and guest demand in your area early on.

While you continue to learn, start practicing by analyzing ARVs, rents, and market trends, and get familiar with the different Memphis neighborhoods so you fully understand what you’re buying when the time comes.

I do like to recommend both as the best practice and if finances allow it.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

Keep it simple: define your buy box, underwrite deals with conservative rents and full expenses, and practice your 60‑second pitch to investors using a credibility‑first frame: problem, plan, numbers, protection, timeline.

This gave us first hand knowledge and also helped us to practice with the subsequent setups. 

I've been reading up on best landlord practices and gathering all the documents I'm going to need to cover myself (I will be self-managing). 

One practical step: define your buy box tonight and build a 10‑property tracker, then analyze and submit one offer within 7 days.