Additionally, are there any other methods, approaches or strategies you’d suggest for someone just starting out in this space?

Your problem is probably your method of wholesaling. 

I decided I’d find another method. 

That’s our primary method of communication so it works.

Bandit signs, cold calls/texting along with direct mail is the method most people use.

Both have been a great experience but definitely my experience so far with Memphis has been superior.

The BRRR method is not about "numbers working" in a given market. 

Which is to say any attempts beyond the method of communication in the profile are likely to end up convincing the landlord you and your friend would be a pain in the butt as tenants. 

An LLC also makes refinancing in the BRRRR method smoother, as many lenders prefer loans through an entity for multi-property investors.Starting with the right structure positions you for long-term success.

I am the only real estate investor with my bookkeeper and at first she thought this was a little overboard but once she started setting rules in Quickbooks to simplify her work she quickly realized how simple this method makes things.