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.

We only charge third-party fees like the appraisal and the borrower pays the vendor directly.

While Im not currently seeking distributions (we are in series B shares - those that participate in the upside and "may" accrue), they have made distributions and we are simply building another cash reserve.

It's all about building trust and relationships, and in the long run, that will pay off way more than just trying to squezze a specific deal.

I mean this stuff happens in rental houses that are nice and newer or new. you either keep them in great shape which cost money or you buy rentals that you simply do minimal work on as the tenants paying 700 or 800 month have a very different expectation than a tenant paying 1700 a month.

I would focus on one of two things… finding a more tolerable high-pay work situation OR developing some coping skills to deal with your current working situation.

Managing properties locally is simply more efficient as I get started.I’d definitely be up for discussing this further and exploring potential synergies.

We do not charge a fee to our members and we do receive a broker to broker fee, but it is up to the broker to pay the referring broker, and GEG opted not to pay us. 

Then maybe you are able to roll that money into a downpayment on another primary and an investment property.As for whether you should be looking for a loan for the work vs. paying for it out of pocket.

Why pay more than you have to?