Switching a primary home to a rental property

[Jonathan Horton]

Hi BiggerPockets,

I am a 24 year old currently living in Charlotte, NC but will likely be making the move to Knoxville, TN for work.  I bought my Charlotte, NC home almost a year ago with the intentions of renting it out in the future.  The future has come a little sooner than expected, but I believe that I can rent out my current home with about $200-400 monthly cash flow after paying a property manager but before saving for capex.  I also believe that with my salary and savings, I can afford to purchase a nice 2 bedroom townhouse in the college town of Knoville, TN for $100-120k, which I also plan to rent out at a later time.  Some questions and concerns that I have:

• What are some of the questions I should be asking property managers?
• Does anyone have any concerns or more profitable alternatives to this plan?
• Does anyone have preferred property managers in the Charlotte area?

Thank you for any input!