Memphis Long-Distance BRRRR Team Member Referrals?

[Charles Moore]

Hi, all!

Thanks to BP, I've acquired my first out-of-state turnkey rental in Memphis with minimal difficulty, and probably more to come.

But I have another opportunity I wish to explore alongside that. My primary residence in the crazy hot Seattle area has appreciated so much in the last few years that I could take out a substantial HELOC on it (over $250K) through a local credit union with a 15-year fixed term at 3.99%. I'm thinking I can take advantage of this using Brandon Turner's BRRRR strategy to buy a distressed property (in an A or B neighborhood) in Memphis using the HELOC to cover the discounted purchase price and rehab, rent it, then refinance it 6-12 months later into a conventional 30-year fixed, and repeat.

But I've read on BP about the dangers of doing this long-distance, namely lack of boots on the ground to represent you and watch out for your best interests.

Can anyone recommend the following to put on a Memphis team?

- agent

- closing attorney 

- title company 

- contractor

- property manager

- insurance agent

- lender who would refinance in shortest time (ideally less than 12 months)

- possible representative to oversee all this and be my boots on the ground?

I've already got an inspector and CPA.

Thanks!