Well now I have a little bit of savings after working hard and saving like crazy for a LONG time and I've decided to buy a home cash in Memphis so that I have less risk (vacancies, HOA fees, mortgage payments, etc. all scare me, being a newbie, so I see this as the lowest risk way to get started because even if the home sits vacant for a year I would only have to pay taxes and insurance). 

How can I find which bank holds the mortgage?

Mortgage is almost completely paid off.Basically looking for recommendations on how to advertise and eventually sell the property without scaring off potential buyers.

[interesting that I got a mortgage note even before I was interested in buying mortgage notes]Anyway, after about a year we decided to sell it to him and owner finance it.

I have a couple mortgages under an LLC that are commercial loans.

But to make yourself feel better, and get the ball started, call a mortgage broker and let them know exactly what you want to do.

That's going to tell us how long it's going to take them to be "mortgage ready," and then we'll give them plenty of time to do that (lease length).Hope that helps.  

I currently have a private lender that loans me money for my flips but I would like to buy a property, fix it up, get tenants in the property, refinance (get a loan) and pay back my private lender and use my rental income to pay for my mortgage.

Fully rented its $122,400 yearly, but with only 8 units rented yearly the rents are only $81,600.Mortgage $46,524Rents  $81,600Taxes $16,000Insurance $6800Trash $1,200Water/sewer $8,000Utilities $8,000Landscape/Snow $500.

But you will have other expenses too: insurance, property taxes, maybe some of the utilities or HOA fees (I am assuming you are paying cash - if not, then a mortgage payment may eat up a lot of your profit).