@Chris Duzan Chris Davis made an excellent point in not placing too much emphasis on entities & just get the proper amount of insurance.  

I have been reading many posts on here and can see this is an excellent forum.

Reach out to me some time and let's grab a coffee and chat (maybe not Starbucks, but Art Kitchen is alive and kickin).Dave Anstatt, Halsey Associates    

@Shane Woods  Thanks for the excellent explanation of what the % formula is made up of.

Even if you go Turnkey, interview at least 3 management companies.Lastly, you should take a look at Little Rock, I have expanded my portfolio over there, cash flow is excellent, probably a little better then Memphis as property taxes are lower and lack of hedge fund presence has kept housing prices low.

It is in excellent shape and was very recently updated with new kitchens, bathrooms, etc.Purchase price is 600K and current rents are 4400/month.I’ve already created an LLC that will be used to own this property. 

I think those are wise words, and the threads below have some excellent ideas on how to achieve this. 

Its burgeoning middle class was the model of the world with excellent public schools and universities.

As a professional "analyst" and operations manager, I develop statistical real estate investment models in Excel. 

It sounds like you have found your and are excelling.