In the height of the Gatlinburg bubble, I bought a place for $230K and sold it 5 months later for $370K.

Save yourself from the HM rate and points plus the cost of refinancing later.

Better to ask first rather than spend a lot of money and find out later..... :-)

Ask the manager to explain their process for dealing with maintenance, late rent, evictions, turnover, etc.

I noticed later the principle wasn't going down then realized the terms were 'interst only'. 

But Jonathan you should have asked yourself one question which has been bothering me since I left why would you invest, spend your money in a tax lien club to later spend more money with them.

Congrats on saving up that's an amazing start.I would suggest holding off on flipping if you don't want to do it near you, although with $250k, you probably could find something even in California that you could flip, we hear horror stories from our clients all the time of how they hired a contractor but were not able to watch progress and fly in 2 months later to see almost no work done and most of the money spent.  

Put one, a good one, in place ASAP.Leases are attached to the property and not suddenly cancelled when a property sells, so moving it to another entity later should not make a difference.Your loan processor was correct that FHA does not allow homes to be moved into an LLC. 

And very little after effects.....You can thank me later

The only reason we have requested his presence while contractor is there doing the repair purely because we are worried that the tenant might accuse the contractor damaged his stuff, etc. later.