Then keep the speed of money & time moving to make more money in the end.

Typically when people graduate they look for a job and move to the area of the job.

I have not moved my address on my license. 

@James Landsford I would wait to do the remodel after tenants move out before listing it for sale.

Are you trying to figure out what your strategy is going to be when you decide to move into your next property after this first time purchase?

The asking price is under $125k and like mentioned earlier, the renovations would be 50% so there are major repairs (not move-in ready). 

Tell them the people move out or you start an eviction. 

There are a lot of affordable properties in Knoxville, but the growth isn't terribly vibrant and the deman isn't what you'd expect for a city of that size and that close to the Smokies - you're mostly looking at college rentals for the meat of the move season, and the SF market, while it exists, doesn't really compare to Chattanooga. 

I'm a Michigan native looking to move back to start my portfolio but I haven't really spent too much time in Detroit and would love to hear people's experiences.

@Chris Mahoo Even without qualifying for Real Estate Professional Status (REPS), long-term rentals offer key benefits like depreciation deductions over 27.5 years, deductible expenses (e.g., mortgage interest, repairs), and up to $25,000 in passive loss deductions if your MAGI is under $150K.