Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.

If I pay it off, I could maximize cash flow earlier, reducing financial stress and allowing me to focus on other ventures or simply enjoy life more.On the other hand, I know some people advocate for keeping cheap debt and using the extra cash to invest elsewhere for potentially higher returns.Why I’m leaning toward paying it off:Security: No debt = peace of mind.Financial freedom earlier: A fully paid-off rental would give me a significant monthly cash flow?

Quote from @Jesse Yoder: What insurance works with people doing BRRRRs? 

Hopefully the permitting people are nice and will offer some guidance.  

I've listened to a lot of BP podcasts and other real estate youtubers, but most of those people invest in places where real estate prices are 3 or 4x what they are here.

I wouldn't worry about small details like setting up LLCs, just focus on establishing a solid market and making good connections with people on the ground there. 

Without going into too many details about the property, I'm interested in connecting with people who deal with off market listings and investors in this geographic area. 

Only let in A+ people--no matter what. 4. whatever task you can't handle hire someone.

You will meet a lot of great people here that will help you on your journey. 

Buy and Hold investing is a great avenue to begin with as most people live their lives off of residual income.