I heard some crazy stories, a guy in my building was blackmailing the owner for key money even though he didn't live there anymore and had illegally sublet it out!

I would advise you to look up the turn-key rental opportunities in Memphis and make that your first target (I can think of a really good one, but no ADVERTISING on BP forums!). 

After all documents are signed and payments exchanged, buyers generally take possession of the keys unless a separate agreement has been reached to allow the seller stay in the property for a period after closing.

it just takes these regulators usually 2 to 3 years to hammer them.. they know when the statue of limitations runs and usually show up at their door step at 7am when they are still in their PJshttps://www.sltrib.com/news/2017/10/12/utah-man-se...Read up on Chad Deucher he had a turn key bizz like Morris.. wreck a ton of people like Morris in the end he got nailed.these guys came into my Oregon office seeking financing when they were about 1 to 2 years in.. 

@Sean HarrisonThe key is service and expertise as you will likely have questions regarding how to invest in real estate or alternative investments.  

She mailed me keys so I could look inside and let her know what I thought. 

Don't use excel to manage all leads. it's possible, yes. but you're going to run into issues and ain't no body got time for issues!

Account Closed  Keep in mind the top markets you mentioned are all TOP turn key markets were investors are buying rentals 10 to 15k profit for a turn key company is what they do the difference is the turn key companies might sell 5 to 10 a month.. 

The key metric here is return on equity.

Dont be an Idiot , matter of fact if he has keys , change the locks , put his tools outside and tell him to get them . he could squat and clain that living there was your arrangement .This guy does have a Mbs and a Phd .