Any potential pitfalls or challenges you foresee?

Working with overseas investors has become more and more common as the Memphis market is getting more exposure.

Over the years, I’ve worked with dozens of investors on the financing side of house flips and have had a front-row seat to over 100+ deals — some wildly successful, others… expensive learning moments.Here are 3 rehab lessons I see new flippers commonly overlook:Underestimating Holding CostsEven with a solid contractor, delays happen.

I cannot stress the importance of the design and theme of your home being something nice and modern in the common areas, along with creating some sort of a wow factor, whether that be a theater room, game room in the garage, and or the theming of multiple bedrooms to be a relevant Disney character or movie design.

It's a more common ask in construction and commercial financing, but even conventional loans have guidance on the request, so you just need to ask and get to the correct person to answer your question. 2) Talk to a lender/bank about the terms they would lend on the vacant or ax barn property.

Permitting delays, rising material costs, and contractor issues are all common.

@Katie Lyon while what @Amanda Breck said is of course legally correct/true, up here in the "North Land" there is an additional piece of law that says Tenants have a right to "quiet enjoyment" or commonly called enjoyable use, of a rental property. 

TWO (2) Title companies we've approached have told us that Deeds of Trust are NOT used in the State of Alabama and the commonly used security instrument used to secure "A Promise" promissory Note involving real estate is a MORTGAGE security instrument.

This is common, and you want to make sure you fully understand this before entering into an agreement.4.) make a good list of the deferred maintenance items.  

I'd like a triplex or property with 3 homes on it which is common in that area.