I will contact them in the first instance the next time I need finance for anything and refer any friends or family that need the same.

@Brian Naumann  that is the proper course of action.. .I funded a lot of deals in Kokomo for instance you can build a very nice cottage investment business there and not put up with the risk you are encountering in Memphis is simply sounds like you got with the wrong company.. 

On commercial properties for instance when my clients look at a 10 unit strip center putting 25% down the break even occupancy might be 65%.

For instance, my wife and I live in Chicago where there are a lot of 3 flats.  

2) We want all of this classified as passive income (and will for instance have a property manager), so I believe would want this classified as an LLC, with the investors listed as the owners.  

Typically this is going to outpace cash flow by quite a bit, but because of the lack of cash flow, you have to retain liquidity to handle any major expenses that come up.For instance... if you BRRRR a $75k home that rents for $900/mo and refinance all but $10k back out your probably looking at about $4,000 in cash flow over 5 years if you have a vacancy or two.

For instance, Zambrano Properties LLC or Arch Properties.

For instance, if your triplex is cash flowing and making you money, do you have a higher and better use for that money?

Out of over 3K posts you will not find a single instance of me promoting dishonesty in any form. 

For instance, could I buy REO properties and sell them will seller financing?