Steve If you are a newer investor, I would not complicate the process.

Then do your estimate of repairs (use a software or hire a contractor if it's too complicated for you).

Thanks.It will cost you money and add complications. 

An online review may reveal information you hadn’t considered about a tracker or couldn’t find anywhere else.Best Tools to Track Net WorthTracking your net worth doesn’t have to be complicated.

If you charge a per day rate it gets more complicated and you run the risk of potentially breaking laws in some places about late fees.

Putting property under an LLC complicates matters.

Title search is a little complicated, but once you know the process, it is not that hard.

Yes @Michael Smythe I was planning on but I also have a small room in NYC (where I work) so the days I don’t want to drive I would stay here and go back to PA weekends but I spoke to a lender and said I would not qualify for that since it’s a bit far from my job and they might think I’m doing mortgage fraud it’s just complicated so she recommends just doing a conventional loan with 15-20% down payment and use it as an investment property Which at that point I’m not sure if it’s worth it.

Since you already have the cash, you can avoid that added cost.Lower Risk: By purchasing outright, you're minimizing your risk and giving yourself time to learn the process without the pressure of loan payments and short-term financing deadlines.Better Refinancing Terms: After you purchase and stabilize the property, you can refinance it with a traditional lender at a lower rate and pull cash out for your next investment.This approach keeps things simple and allows you to focus on learning without the complications of high-interest debt.Let me know if you need more advice!

I understanding is the TN has some crazy rules and regulations that complicate this process.