I'd like to start wholesaling to get acquainted with the market, but if I can find some really good strategic partners and properties with nice spread, I would be happy to rehab.

We strategically do it when they will more than likely be home (weekend or early evening).

Its pretty robust, but it does not replace a full service accounting software. 

To get your license just to get it is not worth the time BUT if you plan to use it strategically to grow your business then definitely!

FAE = franchise AND excise taxesthere is a tax on holdings as well as income in TN.this is the primary reason I believe LLCs in TN should be used strategically.

I'm looking to duplicate this strategically moving forward.All future investments in the STR market for me will also have to be cash flow positive in a LT strategy as a backup plan, as will equity in them.An often overlooked side benefit of STR is that you've got eyes on your property a couple times a week. 

My chief aim is to actively engage in the markets acquiring properties and build a robust portfolio.

Just make sure you still have robust screening procedures and policies in place.

Perhaps even meeting with your neighbors before you launch your strategic plan...they may change their minds.

I've been strategizing and planning out the downturn for years, and I actually look forward to it here locally.