I do not include that here because I have not seen the room yet and don't want to count it if I can't verify.

Given that this is the first of what I hope is at least a handful of properties in the Chattanooga area, my initial thought is to furnish it, use it while I am there, and vacation rental it when I am not. 

Airbnb is relatively hot around us and we are located very close to two places that host classes/seminars/etc.Any initial gut thoughts?

I am kidding, the thing about the initial 2% is in places like Bay area it actually is a serious accomplishment.

Eviction Process:  On the initial hearing date, you can ask for a trial.

Agreed, I would much rather self manage initially, but not being local I don't have much choice. 

This could take a further month...Take pictures of everything and have a witness present, so that you can't be accused of stealing anything.It will take a long time to process and there is nothing you can do about it.After the initial shock wears off that this has actually happened, it's a case of putting one foot in front of the other and following what your attorney tells you, to the letter.I deliberated long and hard about posting this. 

I have 122K invested total after rehab and was initially estimating the house had an ARV of 150K.  

If you're doing cash for keys it's gotta be a counter vs your initial offer...

It also logs entries so if the pest guy bills me I can verify that he was indeed at the home and entered.Plus, codes can be easily added and deleted so it’s not always the same code.