Quote from @Michael Rodriguez: Howdy fellow Memphis investors,Any ideas for protecting thieves from pulling out the HVAC copper pipe? 

I've printed out a Notice to Quit and will post it on their door for legal protection.

Also assuming your practice is going well, consider talking to asset protection attorneys.

Short term tenants are not protected by the the eviction ban.  

As a side note, FDIC insurance protects depositor money, not debt.

A good PM should protect your interests and anticipate potential risks like this.Let me know how it all shakes out!

Leverage the Power of LLCsEstablishing a Limited Liability Company (LLC) for your real estate investments can offer both legal protection and tax benefits.

IANAL, but just had a call with them and signed up for a holding company registration, and an LLC for a LTR in South FL that I have been running under my STR property LLC, registered in another state (which I don't think was giving me the intended protections for the FL property).

An emergency fund needs to be liquid, and immediately available to you in addition to being low risk and protecting principle. 

In the NE states, AKA tenant friendly states, I would always have a PM to help protect my interests.