You also need to consider that once someone signs a lease, they typically won't move in for 2-4 weeks.

The key question is really whether you want to be on title?

Since this is our first investment, any pointers on key things we need to be aware of and best way to manage the property?  

I'll be moving to New Orleans, LA soon to run a large construction project which will likely last 2 years. 

I'm in the process of buying my first flip and I want to move in while fixing this property.Any advice is appreciated.Thank you 

For an upcoming turnover I have scheduled (current tenant moves out at end of June), I was able to identify, approve, and sign a new tenant within 1 week's time who will be taking over July 1st. 

I turned this into a LTR just because we moved 2.5 years after buying it and I wanted to rent it to not lose money on the move.

If your tenants lose their jobs, then they should also be expected to move out of the rental. 

If you are willing to move and be a little uncomfortable for a few years, househacking would be the best way (in my opinion) to get in for low money down. 

The key is there is no financing contingency, and if the buyer does not perform, they lose their deposit.But, obviously, anybody can check that box and sign an offer.