My mortgage will be $2,005/month, and I’m budgeting up to $600/month for utilities, leaving a potential monthly cash flow of $995.I also set up an LLC and a business account to track rental income and expenses.Questions:Do you have any advice for me as a young real estate investor?

Thank you so much for taking the time out of your busy schedule to post this. 

You rent it for one year and create a successful STR business that shows a trailing 12 month net income of $75,000.  

Just a cost of doing business.

The purpose of any business is to grow. 

Having before & after pictures is a string tool when dealing with HMLs and real estate agents to gain business. 

Their business still needs to grow up. 

I agree that is will be a gamble as to how well it will do.Also, ask the owner if they will entertain partial owner financing to keep from dragging family and friends into this risky business venture.Maybe even rent from owner for a year with right to sublease to see how it goes before committing to a purchase.

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Seems like a pretty straightforward way to do business.