Show Notes: https://retipster.com/221-mid-south-home-buyers/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=DAO7LRO9WXs Mid South Home Buyers: https://midsouthhomebuyers.com In this episode of the REtipster Podcast, I sat down with Liz Nowlin and Terry Kerr from Mid-South Homebuyers, one of the longest-standing turnkey rental providers in the U.S. We unpack why their approach to renovating houses and property management sets them apart. If you're a land investor searching for an exit ramp to more permanent and passive income, this might be exactly what you’ve been looking for. Terry shares how the company was born out of necessity and scaled to over 5,000 managed properties, while Liz breaks down how they’ve created an owner-focused property management system that drives long-term success for investors. We also discuss market cycles, what kind of returns you can realistically expect, and how their deep due diligence and renovation strategy ensures minimal hassle and maximum performance. 0:00 - Intro and Why Turnkey Rentals Matter 1:45 - What Is a Turnkey Rental? 2:41 - Origin Story of Mid-South Homebuyers 5:21 - Why Memphis Is Ideal for Rentals 9:36 - Understanding Price-to-Rent Ratios 11:45 - Memphis Lifestyle and Affordability 15:53 - Full Gut Renovation Strategy 17:09 - Where They Find Inventory 17:52 - How the Waitlist Works 20:56 - Expected Returns and Performance 24:35 - Tax Strategies and Depreciation 25:29 - How They Screen Tenants 27:38 - No Application Fee Policy 30:26 - Renovation Consistency and Transparency 31:16 - Is Visiting Memphis Necessary? 32:53 - Due Diligence Resources for Investors 33:06 - Expanding to Little Rock, AR 34:09 - Handling Market Shifts 37:53 - Evolving from 2009 to Today 39:01 - Will National Policies Impact This? 41:13 - Who Should Not Do Turnkey Investing? 42:00 - How to Start Working With Them 43:27 - Final Thoughts and Wrap-up *🙋🏻‍♂️ Get the REtipster Newsletter (It's FREE)!* https://welcome.retipster.com/newsletter/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=DAO7LRO9WXs *🚀 Land Investor’s Action Plan (Free 5-Day Course!)* https://welcome.retipster.com/5-day-email-course/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=DAO7LRO9WXs *⚠️ Land Buyer’s Survival Guide (Free 5-Day Course!)* https://welcome.retipster.com/survival-guide/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=DAO7LRO9WXs *👉 10X Your Income from Land Investing* https://welcome.retipster.com/webinar-invite/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=DAO7LRO9WXs *😀 Join the REtipster Forum!* https://forum.retipster.com/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=DAO7LRO9WXs *🛠️ All My Favorite Tools and Resources 🛠️* https://retipster.com/resources/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=DAO7LRO9WXs #turnkeyrentals #memphisrealestate #realestatestrategy #landinvestor #rentalproperty #cashflowfromland #retipsterpodcast #realestateportfolio #passiveincome #realestateinvesting #landinvesting #midSouthHomebuyers #landflipper #buyandhold #selfstorageinvesting