New to all of this - looking for advice

[Gabriella Landolfi]

Hi all, I'm looking get some information about buying an investment property in Nashville with a possible partner (family member). 
-is this a profitable area?

-is an LLC the way to go

-surrounding areas to avoid

-what is the process like for renting, finding renters, is Vrbo and Airbnb the best way to go? 

-is now a bad time to buy? 

[E.J. McCaffrey]

Congrats on starting your journey in real estate investing! Once you find your first property, it's important to have a solid asset protection plan. A well-structured plan can provide a legal barrier between your personal finances and your investment property, helping to safeguard your assets in the event of a lawsuit or unexpected liability. Whether the risk arises from tenant disputes, accidents on the property, or even personal legal matters unrelated to the investment, having the right structure in place, such as an LLC, land trust, or layered ownership strategy, can help insulate you and limit your exposure. It's always best to get ahead of potential issues before they arise, and doing so now will ensure you move forward with confidence and peace of mind.