Mid South Home Buyers

What Mid South Home Buyers does

Mid South Home Buyers is a vertically integrated turnkey real estate investment company founded in 2001 in Memphis, Tennessee, by Terry Kerr. The company acquires, renovates, and sells single-family rental properties to individual real estate investors seeking passive income, with turn-key homes delivered with tenants in place and property management already arranged. As of late 2023, the company had bought, renovated, and sold more than 4,600 houses cumulatively across its Memphis and Little Rock (since 2019) markets.

The operating model is built on full vertical integration: Mid South Home Buyers owns its HVAC, roofing, renovation, and property management subsidiaries, including Mid South Best Rentals, which manages over 5,000 properties, processes 14,000+ tenant applications annually, and has maintained 98-99% occupancy for 13 consecutive years. Core technology includes DocuSign-based electronic closings, online investor portals with monthly reporting, HD video property documentation, automated multi-currency rent disbursement for international investors, and an in-house maintenance team with 24-hour response capability. The company also supports self-directed IRA purchases through a relationship with Equity Trust IRA.

Revenue is generated through three streams: one-time property sales, recurring property management fees on the managed portfolio, and transaction-based revenue from an alternative non-recourse financing product (40% down, 9.9% interest, 12-year amortization, 8% management fee). Go-to-market relies on a waitlist-based sales process managed by investor coordinators, quarterly in-person investor tours, a podcast-led top-of-funnel presence across real estate investment shows, and a referral-driven growth model. Customer segments include individual U.S. investors, international investors (Japan, Australia, Canada), and retirement-fund investors using self-directed IRAs.

Name

Mid South Home Buyers

Legal name

Mid South Home Buyers

Website

https://midsouthhomebuyers.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

51–100 employees

Short description

Mid South Home Buyers is a vertically integrated turnkey real estate investment firm founded in 2001 that buys, renovates, and sells rental properties to individual investors in Memphis and Little Rock, with in-house property management of over 5,000 units.

Ownership category

akta.pro rank

Headquarters

HQ city

Memphis

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Property Sales: The company generates primary revenue through buying, renovating, and selling investment properties to real estate investors. Properties are sold turn-key with tenants already in place, generating one-time transaction revenue per property.
2. Property Management Fees: Mid South Best Rentals, the in-house property management division, manages over 5,000 properties and charges ongoing management fees for tenant placement, ongoing management, and maintenance services. Management team processes 14,000+ applicants annually.
3. Alternative Financing: The company offers alternative financing options with a 9.9% interest rate, 40% down payment, 12-year amortization, and 8% management fee, generating revenue through interest and fees on financed purchases.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Mid South Home Buyers is a vertically integrated turn-key real estate investment company that buys, renovates, and sells single-family rental homes and duplexes in Memphis, TN and Little Rock, AR to individual investors. Properties are delivered with tenants in place, and the company bundles in-house property management (Mid South Best Rentals), renovation services, and financing options, including conventional loans and alternative non-recourse financing, to provide cash-flowing rental assets from day one.

Product overview

Mid South Home Buyers operates as a vertically integrated turnkey real estate investment company offering fully renovated single-family homes and duplexes in Memphis, TN (since 2001) and Little Rock, AR (since 2019). The core offering combines investment property sales with in-house property management through Mid South Best Rentals, renovation services, and various financing options including conventional loans, alternative non-recourse financing, and self-directed IRA investment support. Additional services include investor tours, due diligence resources, and guaranteed cash flow with comprehensive occupancy warranties. The company manages over 5,000 properties and has served investors across the U.S. and internationally.

Differentiator

Problem solved

Functional benefit

Products and services

• Turn-Key Investment Properties

Quantifiable outcome

• 98-99% occupancy rate maintained for 13 consecutive years with no dip below 96% in 20+ year history
• +4 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators7 records

Recent moves7 records

Expansion highlights2 records

Direct peers

• Roofstock: Operates a marketplace for buying and selling cash-flowing single-family rental properties, with integrated property management. Directly comparable to Mid South as a turnkey rental investment platform serving remote investors.
• Memphis Invest: Turnkey rental property provider also headquartered in Memphis, TN, offering buy-renovate-lease-manage services to out-of-state investors. Closest direct geographic and product competitor to Mid South Home Buyers.
• Norada Real Estate Investments: Turnkey rental property provider serving investors in multiple US markets, with property management and financing support. Comparable business model targeting passive remote real estate investors.
• Neighborhood Realty: Turnkey real estate investment company focused on the Memphis market, providing renovated rental properties with property management. Head-to-head competitor in Mid South's core market.
• Rent to Retirement: Turnkey rental property provider in multiple markets including Memphis/Little Rock with property management and financing options. Overlapping investor target audience and service bundle.

Broad incumbents

• HomeVestors of America: National franchise network that buys, renovates, and resells distressed single-family homes. Comparable property-flipping and renovation capabilities at broader scale, though typically not a turnkey rental provider.
• Express Homebuyers: Large regional home-buying company acquiring and reselling distressed properties across multiple states. Comparable in acquisition-and-resale activity though focused on quick cash sales rather than turnkey rentals.
• Invitation Homes: Largest US institutional SFR operator owning and leasing tens of thousands of single-family rentals. Represents the institutional counterpart and competitive threat to Mid South's rental management business.
• Progress Residential: Institutional single-family rental owner/operator with national footprint and integrated property management. Comparable on the rental management side of Mid South's business.

Others

• Equity Trust (IRA Custodian): Self-directed IRA custodian recommended by Mid South for retirement-funded real estate purchases. Ecosystem partner rather than competitor, but central to Mid South's retirement-investor value proposition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Mid-South-Homebuyers-Inc-100057060956060
• LinkedInlinkedin.com/company/midsouth-homebuyers

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mid South Home Buyers