In anticipation of this call, I was wondering if anyone had experience with Memphis Invest, whether positive or negative, that they would be willing to share. 

Have an agreement about how to split the escrowed funds if someone redeems before anticipated.

My plan was to rent for a few years with an exit strategy to sell at $100/sf in 3-5yrs so this changes my anticipated gain from $50 down to $25.  

The lender pays them with your money instead of you paying them yourself.escrow analysisOnce each year your lender will perform an "escrow analysis" to make sure they are collecting the correct amount of money for the anticipated expenditures.escrow disbursementsThe use of escrow funds to pay real estate taxes, hazard insurance, mortgage insurance, and other property expenses as they become due.estateThe ownership interest of an individual in real property.

@Kelsey Folger is the $200,000 anticipated selling price based on the home in its current condition or after being renovated?  

Where if the project goes longer than anticipated you will be paying a high interest rate for a longer period of time due to using a hard money lender.Hard money lenders look at your track record and want to understand your experience level.

@Michael PearseThanks for your response I fully anticipated needing to make 20 to 40 offers prior to an accepted one, but shocked how over the top these other investors were vs my offer.

What do you anticipate for future repairs/capital expenditures? 

If you have water heaters exhausting up interior chimneys then be aware of possible leakage.Recognize that every job which you have to do has the potential to spiral into others- I have found a number of patchwork jobs when we went to do work that necessitated doing more work than anticipated. 

[don't mean to sound cheap on the new LLCs, but rehab costs/time have been about 30% more than anticipated!]