If an LLC owns the house....you personally are not the owner.

Memphis is full of opportunities; whether you're looking for properties that are cash flow or appreciation focused, or both, the Memphis market will always have something for you.

I have purchased the following books:ABCs of Buying Rental Property The ABCs of Property Management The ABCs of Real Estate Investing The Advanced Guide to Real Estate InvestingThe Book on Investing in Real Estate with No (and Low) Money DownWhat order do you recommend reading them in?

I want to learn as much as I can before diving into the investing world.

So, Benjamin, if you're American I would give that some thought.Below is a link to a forum thread in which I outlined why, you can read if it'd be helpful. 

My credit should be the highest allowable also and I shouldn't have problems with approval.Ok, i shopped about 80 lenders (based on Fridays rates, market is closed so no live pricing)Conventional Full Doc loan you would be at 7.875% if you put 20% down (you said what the house was worth, but not your purchase price). 

Sometimes the closing costs from the auction are HIGHER than expected.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

LOL  a softer way to say this is if your simply looking to become a landlord this is a very easy subject to read up on and learn and understand U do not need to pay someone to teach it to you. 

@Chloe Salcedo investing in real estate is not a full-time job.