I imagine I could go the route of procuring a conventional loan for the property and a hard/reno loan for the renovations.

@Shawn AckermanYeah, it sounds like we have similar mentalities and approaches. 

I think based on their interviews they are a legitimate business that has systematized the soup to nuts procurement, rehab, leasing and property management of Turnkey investing.MY guess is if you invest with Memphis Invest and hold for 20 years, you will do fine. 

I know other options exist for property procurement too for rehabs, but there is so much more out there.  

The times I have tried procuring material and labor separate has been more hassle than it has been worth.

Go work as an assistant at a large single family property management company, get your RE License and do things the right wayAs a property manager, if youwant to lease, rent, list, procure prospects, negotiate, or assist in any of these tasks, you will needto have a real estate broker's license. ...

I got a few lists already for 5$ or 10$ due to time used to procure it and send it.

Generally I'll do the procurement. 

@Sam Besong Wholesaling as you are practicing it is illegal in Massachusetts unless you have a license to sell real estate.Here is Mass General Laws, Title XVI, Chapter 112, Sec. 87pp, describing the activities that require a license:"''Real estate broker'', hereinafter referred to as broker, any person who for another person and for a fee, commission or other valuable consideration, or with the intention or in the expectation or upon the promise of receiving or collecting a fee, commission or other valuable consideration, does any of the following: sells, exchanges, purchases, rents or leases, or negotiates, or offers, attempts or agrees to negotiate the sale, exchange, purchase, rental or leasing of any real estate, or lists or offers, attempts or agrees to list any real estate, or buys or offers to buy, sells or offers to sell or otherwise deals in options on real estate, or advertises or holds himself out as engaged in the business of selling, exchanging, purchasing, renting or leasing real estate, or assists or directs in the procuring of prospects or the negotiation or completion of any agreement or transaction which results or is intended to result in the sale, exchange, purchase, leasing or renting of any real estate."

He is a genuinely nice person and he procured contractors who completed necessary repairs on-time and on or under budget.