As a beginner, I assume you will be looking for a decent amount of cash flow on your first deal, so I suggest Raleigh.

Hey @Yolanda Martinez - Flipping houses is a great way to get some positive cashflow quickly but it can be stressful and a lot of work making all ends of the process meet.Usually the end goal for investors is to eventually have enough capital to buy and hold properties to rent that way you see cash flow coming in monthly.If you have any questions on the rental market, please feel free to reach out.

Assuming it's Section 8 approved, why would it not be a good idea to slap a Section 8 tenant in there and collect positive cash flow?

From my part, I analyze the property's location, neighborhood growth, appreciation factor, the average rents using some paid tools, and crunch some numbers for them to let them know the CoC return, cash flow, and more etc.

You often can’t count the rental income to offset the cash-out loan until you have been receiving rent for a period of time…often 1-2 years.  

The seller (also the landlord in your scenario) will also want to get a security deposit, which is refundable, and typical.In these types of deals, the buyer often doesn't have the cash for the down payment.

Cash-out refinance a large chunk but leave enough equity so the property stays profitable as an Airbnb?

Use cash and think if you really need it before buying something. 

The reason why I would personally place Columbus Ohio in the #1 spot is because you can still find positive cash flow, the 1% rule, and you get amazing appreciation potential.

Im certainly not an expert in the Smokies other than a semi frequent guest - but if you have the cash I would think anything north of 10% is a good way to go.