Memphis is simultaneously a very popular market to invest in, as well as one of the highest crime cities in the U.S.I own multiple rentals in high crime cities and haven’t ever had a problem, because I bought them in the right zip codes/neighborhoods.

If they arise,  then strike.

I would not hold a property in your own name because if the situation arises where there is a claim against the property not covered by insurance, all the assets held in your name become available to settle the claim.Insurance companies are a great resource for learning how to mitigate your risk.

Regardless of anything I do believe you should leave about $5,000 in a fund to handle any unforeseen maintenance or any issues that arise. 

And I doubt the property is so popular that a 15 minute walkthrough is holding up other people from seeing it. 

Plank is cheaper, but tile is very popular because of how cool it is, especially in Arizona summers.

What if it's an area that's more popular with senior renters that don't have school-aged children? 

I work for an airline so it makes it easy to get somewhere if a problem arises.

As later when you decide to refinance or sell can the issue arise where the nominee trustee may be required even if the land trust indicates that the nominee trustee resigns after it is deeded and appoints the successor trustee who is the true owner? 

Difficulty can arise with any tenant demographic, but this demographic is often living on the edge of financial affordability and has no savings.