.- Desire is to buy and hold MFHs.- Would like to partner on deals (I understand finding the right partner is difficult, so I'll let this come over time).Questions:- How is the rental market in Mount Lebanon? 

Regardless of the property, we market it to reflect the desired tenant and the response indicated that there are a lot of strong prospects who simply can't find housing in a high demand/vulgarly low market.Just is...

I have great credit, a strong relationship with a lender, experience with home building and remodeling, and a strong desire to build a large portfolio.

I've thought about doing this sort of variant on the pre-sale reno, but it would require agreement with the seller and really putting a lien on the property to make sure you get paid.Anyway, I really don't understand your goal and/or desired outcome. 

THE DESIRE TO LEARN AND HAD NO IDEA HOW TO GET STARTED How did you find this deal and how did you negotiate it?

Population in Memphis is declining will this be a desirable area for renters to live?

I accommodate them all.I would argue that if the PM doesn't want to spend 30 - 60 minutes trying to earn your business, then they're probably not worth the trouble. 

I was frustrated that this desire wasnt communicated to myself and my agent during our communication with the seller agent beforehand but nevertheless I was okay with it and countered their lease back request with a 30 day rent amount that was roughly half of the market rent rate. 

Multifamily properties are highly desirable throughout the city and can be tough to find without paying a premium.

@Ricardo Morales - There are many condos that do allow STR, but you have to search hard to find them, and they are (IMO) pricier because the desirability from outside investors.