These are not great investments and while the experience is not typical for Memphis, nothing I've read or seen should lead you to believe your experience will improve.  

Here in FL that is typically the pool and backyard area. 

What avenues do you guys typically find your investors? 

Local banks typically offer lower interest rates but might require a solid track record and detailed financials.

The challenge, as you’ve discovered, is that traditional HELOC lenders typically want the property titled in a personal name rather than an LLC.

typically (as you probably know) you buy something distressed, with either cash or hard money, you fix it up, and then you refinance into long term debt. 

Will you explain how a typical extension would work, please?

Furnished Finder is what we use to list all of our mid-terms and don't typically have any issues finding tenants. 

@David Putz I wonder if someone is maintaining a list of where all the servicers are licensed...I can't imagine that would be easy to keep track of, but I don't know how often they would change.Having a resource that has all the typical fee info and service states for each servicer in one document would be amazing.

- Design language (this has differentiated my home in Massachusetts though tastes differ and not all markets are as high earning as Mass)- Do you typically work with the same contractors, electricians, etc or have a network?