My mortgage will be $2,005/month, and I’m budgeting up to $600/month for utilities, leaving a potential monthly cash flow of $995.I also set up an LLC and a business account to track rental income and expenses.Questions:Do you have any advice for me as a young real estate investor?

I don't currently have any investment properties, but will likely work with a turn-key property managment in the Memphis/Little Rock area.My goal is to build a good cash-flow portfolio to ease into retirement. 

Yea the area doesn't look like it will appreciate much, I mainly look for cash flow.  

Somehow talk to other investors who went through this team.

Cash flow approximately 350 a month.Option 2: Use the cash to buy land to build a 6 bed 4 bath duplex, all in cost approximately 300k/330k. 

Ask around here on BP and passive pockets for opinionsYes they put ads on Facebook because it can work - we see ads for very high returns on Facebook and people fall in love with the number - please note you are not the first or last to go through this.

You will make more money on appreciation when you sell your property than you likely will from the monthly cash flow.  

Let's of NYC investors look at other cities in NY, Rochester, Buffalo, etc... they can drive to them to see them, and they know the state well enough to feel comfortable.Most of the rust belt cities in NY offer cash flow as well. 

He is great with investors and can find deals that cash flow much easier, including some off market stuff.

I agree, start local and see if you can find anything that cash flows in your area—it's always easier to manage something close by when you're just starting out.