Being close enough to hospitals and also the University is a good strategy, but would be happy to give you some more info on the local areas here.

I would advise to run your exit strategy extremely conservative in this market. 

If anyone has any other suggestions about alternative strategies in the area that could facilitate cashflow, Id be all ears.

I had the same question when it came to my exit strategy.

As a six figure earner, I am seeking advice and insights from experienced real estate investors on strategies and best practices that were valuable when starting out!

I’ve read in books of people getting past having to live in the property they own so they can rent all units year one of ownership(living on the property with an rv). Are there other more creative ways to start cash f...

I wouldn't recommend setting up an LLC out of state if you are buying in Tennessee unless your tax advisor is looking to help you on strategy.. but from a numbers standpoint, it really doesn't make sense when you start adding up on all of the annual LLC reporting fees from different states and then it starts cutting into your cashflow.

Here is a newly created resource on BiggerPockets, which touches out cost segregation, accelerated depreciation, bonus depreciation, depreciation recapture, Real Estate Professional Status (REPS), STR Loophole / STR Strategy, example properties, and more.Cost Segregation 101 Author: Sean GrahamHappy to answer questions :)

In my experience, using a hybrid model—combining traditional realtor showings with self-guided tours—has proven to be an effective strategy.

What strategies have worked best for marketing midterm rentals in secondary or smaller markets like Portsmouth?