@Kunal Mishra That sounds pretty accurate, I think that preparation is key so I'm going to continue to read and look up houses.

My first was a duplex you can hire a PM to deal with tenants.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

I am impressed that you know a mentor at this stage is key.

This site is amazing, the key to getting the most out of it is getting on to it everyday, asking questions, and getting involved in discussions.

I love to drive around and evaluate addresses for BP folks interested in my area.Be sure to add a profile photo, listen to the podcasts, and setup key word alerts for your interests and geography.

I will work on these key points immediately! 

The key is to buy at a good discount going in amd having a good exit strategy.

The area of Fredericktowne I think you're referring to is the Key Parkway area behind the Fredericktowne Mall on Rt 40.

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Zach,The KnoxREIA is creating a platform for our members to offer turn-key properties in the Knoxville MSA.