Making a post here to connect with local people in your market is a great way to start!

Most new development is well over this mark and, since there aren't likely to be many more complexes built that offer decent living conditions for lower-end rents, there is probably some room to raise Class B/C leases in the coming years as more people move into Louisville.And, if things do decline, the "luxury" crowd is going to be looking for cheaper digs. 

Any investors in Memphis have recommendations on small local banks for business checking accounts?

There aren't high-interest money market accounts for businesses and most, if not all, high-yield money markets are for personal accounts.

The site asked for a physical address to do business within Michigan.

I'm not as booked as I would like to be, and according to others they are going through similar circumstances...Do you expect immediate profits larger then your yearly mortgage and other expenses or do you give yourself a year or 2 like other business ventures?

It is a business and you should run it like such...

I don't know any of them and don't want to just start buying them without recommendations from people that aren't trying to make a buck off of me.

It might weird people out thinking that you can listen in on them but it is a way to offer streaming audio on the cheap. $19.99-29.99 Blink Mini 2 (latest version) plug in smart camera with audio - https://www.amazon.com/Blink-Mini-2-Camera-White/dp/B0BWWZXW...So this is available as either standard or with the weatherproofing.

You will also need to be interpersonally businesslike with people .