Sharp as a tack, enthusiastic and expert in your industry - Jordan BelfordFrank

If its your first time, hire a consultant who is an expert in this field and who can do all the paper work and board the note for you.

You can learn a ton from the real estate experts on the site.Here are two recent posts you should check out about Memphis.The first one is Memphis Investors Group's Christmas networking event next Thu 12/10/15 (scroll down to one of the last posts to see the details).https://www.biggerpockets.com/forums/517/topics/249124-investor-talk-radio-podcast-for-memphis-tn-investorsSecond, here's a free, live event on Mon 12/7/15 that you might like since it's about wholesaling, flipping, and buy & hold.https://www.biggerpockets.com/forums/517/topics/250817-hit-the-ground-running-in-2016-as-a-memphis-real-estate-investorBest of luck to you!

I don't think you will find your answer here simply because I don't think any of the usual posters are experts in this area.

Consult your own tax experts.

There are plenty more resources you can find under Education from how to's, blogs from our experts and podcasts.

There are plenty more resources you can find under Education from how to's, blogs from our experts and podcasts.

Network with other local landlords, go to your local REIA, network on BP, etc and next thing you know, you will be a local expert to and could be part of bigger deals if you so choose. 

What do the survival experts on that show always do?

There are plenty more resources you can find under Education from how to's, blogs from our experts and podcasts.