Chase Ink Business cards are solid - good rewards and they don't require a ton of revenue history.

Can you elaborate on the special risks and great rewards of CFDs?

Memphis really rewards people who can roll up their sleeves and run properties well, especially small multifamily or distressed SFHs.Would love to connect, swap ideas, or help run numbers.

Start with short tenant surveys to spot patterns, stay proactive on maintenance and reward good tenants with early renewal offers or modest incentives rather than waiting until lease end. 

And yes — the asset can still be used personally by you or your family if you ever choose.The misconception is that buying a property and listing it is “easy.”The reality is that it’s no way to truly maximize profit or generate repeat business.When structured correctly, STR assets can offer:• Higher cash flow than traditional long-term rentals• Flexible exit strategies (sell, refinance, or convert to LTR/MTR)• Accelerated equity growth• Strong tax advantages through depreciation• Demand driven by tourism, business travel, healthcare, and eventsBut the real money is made before you buy: Market and regulation analysis Zoning and municipality compliance Demand drivers, seasonality, and ADR Acquisition pricing and rehab budgeting Operational systems and managementSTR success isn’t luck — it’s strategy, underwriting, and execution.Real estate rewards the educated operator, not the hopeful investor.

One concern I have is financing—especially without two years of self-employment history under my belt—which adds another layer to our planning.To make things more interesting (and rewarding!)

In my opinion it just rewards discipline and execution a lot more than it used to.Hope this helps provide some value!

Not a ton of appreciation, and not a major drop-off.Median single family rents in the area for a typical 3bed house are ~$2500-2700.City of Tacoma is tenant-friendly, but I wouldn't let that deter you if you feel the reward outweighs the risk.Take the rent and subtract fixed costs (PITI), a property mgr (~8%-10% of rent), and budgeting for repairs capex (~5-10%) & vacancy (~4%), how much are you left with every month?

To me, it feels more like a market that rewards patience, conservative assumptions, and knowing your market well.I wrote a longer piece laying all this out in more detail if anyone wants to dig deeper, but I’m genuinely curious what others are seeing.How are you thinking about leverage and underwriting heading into 2026?

It will come down to risk vs reward - is the risk of taking on these tenants worth the reward of the purchase?