It’s worth a look see, just do your homework up front before hiring the other professionals to make this happen.Good luck

Take this time to make sure you have professional photos of the unit taken.

It was a gut punch to see the tenants whose income we were counting on mass exodus the building right after we closed Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

They would be better off paying the professional to do it quickly and correctly the few times they will need a garage door opener installed.Even though i open permits slightly regularly, when i open a permit in a new jurisdiction it typically has some unique quirks that i need to learn.  

Do you have the professionals you need to start an LLC, do the proper real estate/tax accounting, solid contractors to rehab or prepare the property, and a property manager to handle the day-to-day operations? 

Readers should seek professional advice.

Some sleep better at night with zero debt, while others love to use leverage and are willing to take on more risk.Community banks right now will go with 80% LTV.

Your profile mentions that you are an agent with rentals.You would want to see if you are able to claim real estate professional status.If you are able to claim real estate professional status, you can potentially offset the rental losses with your real estate agent income.Furthermore, TN does not have a state income tax allowing you to be more open with your options.Best of luck

New to real estate but possess a deep understanding of the responsibilities to continue to gain knowledge and remain loyal with my clients and professionally with my colleagues.  

Be professional, kind and firm.