What you want to discourage is the tenant 'helping' you with feedback/action that is outside the scope of the lease.  

You just have to try it and learn what works for you.

@Karl Kauper with a SF you can require the tenant to take care of lawn and snow, but they might not be up to your standards. 

It just depends on your expectations for what looks like a win.

Jersey City is hot right now but like I tell my clients the majority of the time I can find them deals that make more sense in Essex County but that depends on the client and what their needs are along with their comfort level. 

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.

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.

If so, just look up their data or ask for it.

Congratulations on the flip!

Just want to get a little more knowledge on the STR in Cape Coral, any STR - regulations that are investor friendly?