Being out of state, I would suggest vetting your "team", meaning find an investor realtor, lender/s (hard $ / long term), property manager, contractors, etc.

Quote from @Li Li: I’m exploring opportunities in Knoxville, TN, for single-family home investments focused on long-term rentals, with a strong emphasis on cash flow.

Memphis has a steady, growing economy, and there’s always demand for rentals, which makes it a great long-term bet.

Purchase price: $345,000 Cash invested: $69,000 My strategy is to add one long-term rental property per year to my portfolio.

A question I have is, if i rent out the main unit that has 4BD-2B, is it better to get a long term renter with steady rent payments from them or rent out for airbnb?

Many syndicators, including myself, base their projections on a five-year term.

We were both born/raised in the area and my family still lives there so long term we will eventually move back ourselves. 2.

@Allison Park We work with plenty of investors who are either agents themselves or dont want to sign a long term buyer agreement with one agent. 

Investment Info:

Single-family residence other investment.

Purchase price: $92,000

Cash invested: $24,500

What made you interested in investing in this type of deal?
Good price

How di...

Since you are already familiar with house hacking, I would consider converting your current home into a rent-by-room or whatever it takes to keep it as a long-term rental, then look for another home you can hack.