Years of studying real estate deals doesn't equal years of doing real estate and I recognize that.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

It is widely recognized as a loss leader within the industry and those who are successful normally have a complimentary business such as a brokerage or a construction company that performs complimentary services.

I recognize that when my family visits I'm hurting my profitability, but that would be once or twice a year and its part of the selling point to my wife to purchase a property.Where I need help is running the numbers. 

Ensure vendors feel fairly compensated for their expertise.3.Feedback and Recognition: Provide constructive feedback on their work and recognize exceptional performance.

I'm also relatively young and interested in some more "challenging" investments (although recognizing that I would have to do everything remotely and source through a property management company like yours).

Recognize there are challenges doing BRRRRs since the rate increases that have occurred in the last couple years

If you're going to work with contractors, collect rent from tenants, or try to bed the hot chick at the bar, you better learn to recognize warning signs and get out early. 

Which this new business out of Tennessee I am looking at either LLC or C Corp (S Corp is not recognized at a state level here).

If the improvements were recognized as taxable property before, you might be able to keep the property taxes and depreciation setup.