There are many times the architect/engineer gets busy doing other jobs and forgets your plans at the city or delays picking them up/making corrections 4.

BP has built a great selection, all of them worth reading and that will help you build foundational knowledge.To answer this one: the words from old school investor Dolf De Roos "seldom sell" and you will find a lot of post on BP from people who regret selling properties in the past.

That way I know with less equity upside upon renewal or backfilling the higher cash flow helps make up for some of that with the overall return.  

I am planning to get into the TN real estate market as my first investment and am looking for some information.In particular: Areas to steer clear of, property management fees, typical cosmetic rehab costs, etc.My strategy is to put large down payments on 2 properties (relative to housing prices) to help pay for my living in NY while still gaining appreciation in a growing real estate market.

You'll use that money as a downpayment on an investment and borrow more money from the bank to cover the rest of the purchase price.

Quote from @Kyle Carter: What about if I already have a rental, not with the home buyers program.

Dollars to donuts most those guys never end up buying even that first one.

The real estate market has shifted dramatically in recent years rising interest rates, evolving buyer and seller expectations, and fluctuating property values are keeping all of us on our toes.

The depreciating asset is already factored into my investment strategy.It will take me a little while to save up enough money to get something, so I have some time to figure out what I want to do.

The best will often ask for nothing until they set foot on the jobsite and really start with site set-up and demo.