There is strong rental demand because of growing population, job market, and the booming tech scene. 

Detroit has a mix of affordability and strong rental demand, with properties under $200k that can cash flow if approached correctly.

It is why postive cashflow is important.More to the point on cashflow, I'm saying that properties that cashflow only enough to pay for the PITI payment don't sound like strong investments (for me at this moment**) if what it would require is substantial cash reserves (which I dont have because im just getting in).

We are ok with no or even slight negative cashflow since it would be a strong equity position for us if we hold it. 

Focus on areas with strong rental demand, like Broad Ripple, Fountain Square, or near universities like Butler and IUPUI.Maintenance Costs: Indiana weather can be tough on properties, so budget for seasonal maintenance like snow removal and HVAC servicing.Additional AdviceKeep an Emergency Fund: Unexpected repairs or vacancies can arise, so having 3-6 months of expenses saved will help you weather any surprises.Build a Reliable Team: I have lists of contractors, handymen, cleaners and property managers if you'd like me to send.Good luck with your property and future expansion!

Starting your real estate journey with a house hack in Austin is a smart move, especially with its strong rental demand and appreciation potential.

I have strongly considered managing on my own in the past. 

Here are a few additional strategies that might help mitigate risk if you decide to rent the property:Hire a Strong Property Management Company: While you’ve already spoken with some PMs, consider finding one with extensive experience managing single-family rentals in Cook County specifically.

Guessing the have a strong lobby...in more ways than one.

The White House area might appeal to families or professionals wanting to live near Nashville at a lower cost.If you're open to exploring other markets, Memphis, TN also offers strong rental investment opportunities.