However, as you stated, Memphis can vary significantly by street, so I recommend visiting the area personally and observe the specific streets and surroundings, or doing a zoom call with a trusted realtor who has physically been there. 

I think you misinterpreted my statement: without insurance if someone trips and falls and sues, or just feels like suing the original poster - if there is no insurance in place the owner is responsible

DSCR LoansThis is a perfect 30 year fixed loan designed for Real estate Investors that have trouble showing personal income or are capped at the number of conventional loans they can have.

We just want to move out of this house to a new home, then spritz this one up a bit to get the most outta the sale.Is there anywhere one can find a private personal lender?

If so, I personally don't think house hacking is what I would do. 

Thank you for your response! 

TY and no the condo association by laws make the fire door and upkeep the owner's responsibility.  

In-person local meetups are the best and they for sure have some near you.

Given the situation you've described, you can present an addendum that the power be put in your name with the tenant being responsible to pay utilities as additional rent.

He has even come to my personal house to pick up money and some things I ordered from Amazon to be installed in the property, and fronted some of his own money to keep things moving while I wait for the draw from my lender to clear.