I'm based in Memphis and happy to help introduce you to the players in town.

I would imagine the seasonality there is brutal as well. 

The answers are invariably yes for new investors, and usually for seasoned investors too—the reason being that you need to know what you are getting into.There is a second equally important reason, though, especially when buying from homeowners or investors: You can usually get a credit or additional work done based on the results of the inspection report.

Cash money, seasoned in a bank account, plus the ability to qualify for a loan - credit history, job length, etc...

As for the 6-month seasoning, do the rules change if I've had the property longer?

I've just attended an ACRE summit and meet a couple seasoned investors.

Most DSCR Lenders have generally a 6 month seasoning requirement but a few will go down to 3 months so its out there

I will regurgitate for you what I have heard: there is a major player in that market offloading their inventory so deals right now may be especially easy to find.

However, seasonal rental demand may be a concern.

If so is there a seasoning period on this?