Also, managing the property as a rental could offer tax benefits.When purchasing, keep in mind condo association fees and maintenance costs.

@Melissa Sejour a good property manager will give you a lot of information that you care about.

A solid lender, contractor, and property manager can make or break your first few deals.What strategy are you leaning toward first—flipping, BRRRR, or buy-and-hold?

@Steven Wetherillwhat about property management?

Also do research on what's required to properly manage a LLC so the veil cannot be pierced. 

Managing a rental (even if it cash flows) comes with responsibilities, and it might not be worth it for $300 a month.

I definitely wouldn’t mind the help with my rehabs and getting started with property management.

@Phil Petite Forming an LLC in Tennessee is recommended if your rental properties are located there, as it simplifies legal compliance, avoids the need to register as a foreign LLC, and aligns the LLC with Tennessee's laws for property management and tenant disputes.

Is it possible to have a property manager who manages some of the property, while I manage the rest remotely?

However, some of the best cash-flowing markets on paper can also come with the biggest management challenges.