Or is it better to utilize different strategies?

I am planning to get into the TN real estate market as my first investment and am looking for some information.In particular: Areas to steer clear of, property management fees, typical cosmetic rehab costs, etc.My strategy is to put large down payments on 2 properties (relative to housing prices) to help pay for my living in NY while still gaining appreciation in a growing real estate market.

Risk Mitigation: What strategies do you use to mitigate risks when investing in older properties in Cleveland, especially in terms of unexpected repairs or property management?

I am still trying to figure out my buy box, but long term rentals feels like the right strategy for us.   

but BRRRR is not a cash flow strategy and you likely will not cash flow after the refinance.if you want 100%, no strings attached financing... that's going to have to be a family member or something like that. 

Currently, I'm analyzing different markets to see which one will best match my strategy.

What do you guys think about this strategy of opening up a HELOC in hopes of freeing up some of my other capital.  

It helps to build a good network of reliable contractors, especially if you’re investing out of state.Section 8 has been a part of my strategy, and while it’s not all rainbows, it’s been a solid way to build consistent cash flow.

I’d like to know if there is any measure or strategy I can do beyond that.

As I approach my move out strategy where I will be converting my upper unit into a STR, I often think of guest interaction amongst the two units.