Also I'm working on a few commercial projects at the moment as well!

Then add any other codes required where you want to build and study those as well.

After all rape is just the word of the victim that it was not consensual sex, breaking and entering, well the door was already broken, every theft, every credit card fraud, well the owner said I could. 

This step-by-step approach has worked well for many, and it can for you too!

Personally I prefer single family homes around that median price because that's where the most demand will be not only for owner occupants but renters as well.

As explained above, income from the financed portion of the property in an IRA would be taxed as well, but you can deduct related expenses, including depreciation, to minimize this tax liability; that is why I recommend a discussion with a tax expert to understand what your numbers would look like.Hope this helps!  

I am still searching for a solid and well run property management company in Memphis, TN. 

Well you can probably get around $70k out of your $300k property on a HELOC.

If all goes well, we should be cash flowing right away. 

You can refinance into a FHA 203k or like @Jason Wray mentioned you could even use a Fannie May homestyle renovation loan as well!