After looking at your post, I realized it's probably necessary to have a dedicated real estate attorney handle this issue for me since it's serious and I might make a mistake big enough that probably will cost me too much money to fix.

I’ve also worked for a few investors, focusing on organizing maintenance, handling tenant relationships, and coordinating upgrades.Now, I’m venturing out on my own.

If you have the extra cash you can buy more units or be able to handle expenses that crop up more easily.

I would also suggest going the section 8 route on a few of the units in what I would consider more challenging neighborhoods.On maintenance bids being high, negotiate everything.

>One major issue and they can be wiped out.Having negative cash flow does not imply not having the reserves to handle every issue.  

For practitioners in the real estate industry, the biggest challenge is not just the difficult work, high risks, or immense pressure, but the necessity to learn to let go of complete control over outcomes.

The 38128 is slightly below the median and is in a decent area, but definitely an area on the more challenged end of the spectrum in Memphis. 

Some investors have found that working with the right team even in challenging markets can be a pleasant and profitable venture.  

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