But if you know what you're doing in finding the properties and want a fixer upper, it's doable.I will say that the multi-family rental market is pretty saturated here though. 

I upgraded to premium listing on Zillow rentals.

One paid off (worth around 1.4m) student rental.

They are major BRRRR projects with the main exit strategy being to hold as medium term rentals.

@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.

I’ve been in the real estate business for almost three years now and have completed five deals: one buy-and-hold long-term rental, one short-term rental, and three fix-and-flip projects, for which I helped raise capital.

I considering buying my first rental property there, and am an out of state investor.

Purchase price: $424,500 Cash invested: $20,640 I purchased a small detached duplex that I plan on moving into one and keep the other as a rental.

I am a small out of state investor with a few single family rentals in Cleveland suburbs.

I point them to the local watersports rental company that drops boats and ski's right at the local marina.