Has anyone had good/bad experience with selling notes on either of these platforms?

Personally I don't think an SDIRA is a good idea until you have maybe $50k.

The fact that you were able to rent the property after a full gut renovation indicates a good return on your investment, and refinancing after the rehab was a smart move to recoup your cash and prepare for future deals.One key observation is the challenge of rehab budget overruns.

You are going to blow a lot of money for a false sense of security that a good insurance policy can protect you from and save you thousandsThe LLc is the most overused and money waster used on single family rentals.

I do manage some small apartment complexes and generally there are not too many issues, but not zero.Also, for me as a PM I have fixed costs per unit, so to have 5 listings in 1 house would be cost prohibitive.Just food for thought, good luck!

As an added bonus, doing all of this well can often land you on the "vendor list" of a company, putting your contact number as the first call to make when placing the next crew passing through.I apologize for the long-winded reply as you probably know and understand all of this, but there might be a reader that doesn't. 

The Core Strategy: "Think long-term, buy and hold, and focus on cash flow."

But if the manager is at least good enough that they care about their long-term reputation (and also trying to get you to be an investor in future deals)...then this might help.If they are a bad one (or a good one and unable to change), then this is unlikely to make any difference.Remotely you can also do things like doing Google maps drive-bys, etc.

I started looking at property areas long before selling and then went out more aggressively when the relinquished went under contract.The exchange company I used was @Dave Foster (The 1031x Investor and Exchange Resource Group) and the title company for both relinquished and replacement was @Tom Gimer of Eastern Title & Settlement.

The property prices are lower compared to other markets, and the rental demand in certain neighborhoods can be pretty strong.Of course, it's always good to dive into specifics about the areas you’re considering within Memphis.