I am planning to get into the TN real estate market as my first investment and am looking for some information.In particular: Areas to steer clear of, property management fees, typical cosmetic rehab costs, etc.My strategy is to put large down payments on 2 properties (relative to housing prices) to help pay for my living in NY while still gaining appreciation in a growing real estate market.

You're going to be looking at older houses that may need a bit of work especially if you want to find buy and hold, BRRRR, flips, STR/MTR, etc. opportunities.

I believe the housing shortage is a farce - there is no housing shortage - there is an affordability issue and an inventory issue - but there is plenty of housing.

I bought a house last week and am selling a house next week, but I don't know how many doors I have today, unless I effort a count. 

Has anyone ever made a "Homeowner's Manual" to give to the tenants with key information/explanations on things about the house?

Quote from @Christian Bobby McLemore: You're 21 and you've been building houses your whole life?

We did quite well in the Timber game in the 90s Owned many thousands of acres of Timberland during that time its a great industry one of the favorite things I ever did beat the heck out of rental houses LOL

I will let you know I've been house hacking in new jersey for over decade. 

I would generally put a 4-unit property in the same side as a single family house when making such comparisons. 

Hi Nathan,I have a buddy that is currently house hacking in the Akron area.