Many people buy a house with a FHA loan and then turn it into a rental but it doesn't mean it's always allowed.

People’s Republic of Asheville is more concerned with STR regulations than people living in boxes on the streets.

I also hold a couple of real estate forums in the area for people like yourselves to connect with service providers, GC's, etc. 

You might need to file 1099s if you used contractors or other people whom you paid for labor:https://www.biggerpockets.com/forums/51/topics/1167632-expla...

I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.

When you say you want to prioritize cash flow over equity, you want to watch out for people honing in on that and selling you "good cash flow" deals which will be in D neighborhoods and will come with high capital expenditures and harder tenancies.

Very keen on meeting like minded REI people. 

Then, after I had experience and several wins, people were willing to partner with me on deals, or lend to me in second position for a short period of time to help with the down payment and with repairs and then I would pay them back when I would refinance.

This is a great place to learn and to connect with people so take advantage of all the great resources.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!