I'd like to check and make sure I'm on the right track.BTW: I make around 80k per year and I live in central Florida.Here's my strategy:- I'm currently living with family and reducing spending.

I started BRRR several years ago and found that I love it, and I am wanting to jump in with both feet.

Now, I only own and manage entire houses for STR and it is MUCH better. 

Bigger Pockets is a great place for education and networking and is full of great content.I recommend that you check out the following resources:1.

The pitfalls are obviously bad neighborhoods (easy to gauge talking to brokers or running crime maps) and also find the right property manager depending on the size and class of the property. 

I just wanted to make sure that 8.5% for vacancy, 7% for repairs, and 11% for prop management is relatively accurate.

And I have a few questions.1.

The other "economical" areas are going to be more management heavy (think cheaper houses that are expensive in the long run) and the A/A+ neighborhoods will be very difficult to get cash flow (think Elmwood Village or Hertel Ave duplexes that are $350-400K but gross $3600/mo on the top end). 

Any recommendations for a property management company for a Ft.

Chattanooga Tn is a great investment market and is more landlord friendly compared to others that are more tenant friendly.