For example, Hilltop, Franklinton, Linden, and Whitehall/ Eastmoor are great places to look.Which areas do you recommend to look for flip projects?

It's a hybrid of a Land Contract that puts title in the buyer's name basically as registered owner like a car title. 

When it comes to basic necessities such as food and clothing, groceries are around 6% less in Jackson, TN than in the rest of the country, while clothing costs around 6% less.

I do think that the Intel project and the countless others that are underdevelopment along side it will have a dramatic effect on the area.

You can also try looking into syndication deals that's where people basically invest money on a deal like an large multifamily deal that has x amount of units and a group of people come together and put their money in that deal and have someone manage the deal to make sure its profitable.

Secondly, who cares what the ownership splits are if the gain can't be realized because the values are propped up/can't meet projections, the sponsor cannot execute on the business plan or the fee structure severely eats into the distributable cash when the realization event actually occurs.

You’ll basically save 20% of every receipt you find. 

Basically you aren't borrowing to the nines and stretching yourself thin.

You could learn how to do this basically for free on youtube and BP

Many people skip the whole LLC and just get an umbrella liability policy for themselves to protect their assets which is what the LLC is basically there to do.