Condotels are also harder to finance, and therefore will be harder to sell to the next person when you want to do that.  

Hi Ryan, I personally love Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here.

Personally, I get great cashflow in my NC markets that I invest in, and have gotten to enjoy a lot of the appreciation there as well.  

If you do it correctly, there are also ways to pull-forward depreciation expenses.Whether or not all these expenses will be useful to you is based on your personal tax situation which is why you want to have a good CPA.

The issue we have with some OOS investors is that they never have seen their property in person, they just leave it to the PM and object every repair bill.

As for your down payment, I can’t personally speak to a small business loan…you would just want to ensure you include those payments in your analysis and prepare to be repaying the small business loan and other holding costs during the flip. 

Personally, if I had the chance to do it again I would put down more money to knock off private mortgage insurance and increase my cash flow.

I'm new to trying to be a good landlord, friend, and person.

House hacking will also give you some personal "property management" experience.

If someone injures themselves and sues, they will be suing the LLC and not you personally.