Let me know what you think of this deal...it's a tiny bank owned 2 bed/1 bath cottage.  

He has been fantastic, is extremely knowledgeable, and is saving me about 3k per year now that I switched from Foremost. 

The information was extremely helpful and i will definitely take all of the under advisement. 

You still have to be extremely educated on the topics and know what you are entering.

Having such a great variety and quality TKPs in Memphis could also be an exit strategy for local investors who have property and want to sell or find a deal and can wholesale it to one of them.We are extremely new to the Memphis REI world (only 4 years here) so I won't pretend to be an expert.  

I was extremely poor not too long ago but no one knows I do not have mortgage.

They charge 5% of monthly revenue (rent minus vacancy) as their management fee which I find to be extremely competitive with what others offer.  

Takoma Park has them but the rent control there will kill you.Keep in mind that even in the places I mentioned they only exist in extremely small numbers.

I own all the properties outright, no mortgages.Also, if Trump's bill passes and the corporation tax is set to 15-20%, does that mean it would affect my LLC and will be extremely beneficial to route all my profits through that?

Unfortunately without a contract, verbal agreements aren't worth much.... this happens quite often...I always try to stress contracts if your extremely interested in a property... sometimes others get contracts/offers in faster so it's just part of the game.