The OKC market is truly exceptional, and Tennessee offers incredible opportunities as well, so you’re starting from a fantastic position.Wishing you the best of luck on this exciting new venture! 

I'll add on to what the other Ben said and mention that there are exceptions based on the # of days that you rent out your home to where the income/expenses are excludable (being lesser of 14 days or 10% of total usage if under 140 personal use days).

Ive owned a 3 family in Fitchburg MA for 4 years that has done exceptionally well with it, living for free in one unit for a while and constantly upgrading the property over the years.

@Ashly Frasso not many PMCs do this as it's a headache except on the right Class A properties!

EXCEPT.

Since I'm throwing away everything in the house, except a few pieces furniture that are not damaged, do I still need to treat the bedbugs?

The only exception is for handyman doing work under $500.

Do not communicate with the tenants except as advised by the attorney.

Sapphire is much more of a vacation home community.The deciding factor for me was that Sapphire and Cashiers don't have a lot to do, except for golf and hiking.

Those agents who are helping their clients finding a tenant are easier to talk to and my become your advocate.Here is a huge exception.