These will have the least amount of red tape and be most expensive option.

This seems pretty low.Once you account for property management there won't be any cash flow left and you'll likely be in the red.

I’ve given myself until June to finish renovations and have the city stuff done because it has been red flagged by the city.

Maybe Indianapolis but Memphis has so many players down there.

You don't know what you don't know - and you won't have an agent looking out for your best interests.As we say around here, "Good luck to you and the Red Sox". 

The market is super saturated and Disney and other big players are building more resorts. 

Here come the red flags.

That is what known as a "red herring" argument.

@Justin R.I have no experience with them personally but I listen to the Old Capital Podcast and those guys even to know a lot of the players and other active lenders in the multi family space.

Just sayin.and if you are in Clark county and want to see some action go to the annex next to the courthouse on Fridays at 10am and watch the trustee sales that's were the players are..