The OA sets the purpose of the LLC, who can make decisions on behalf of the company and other stipulations.I would hire a local attorney to set it up properly, otherwise you have wasted your time and money.

Perhaps a nice 1950's built bungalow.Always hire a 3rd party property inspector to give you an unbiased feel for the home.

Hi there, I am a Spanish resident (non US resident, so no home state) seeking to invest buying several properties in the US to rent and generate cashflow.I have not yet decided in which state (or states) the properties will be, as I will probably use Roofstock.com to buy them, and I am looking at several different cities in different states.The plan is, after purchasing the properties, I will hire a professional property management company.

In either case, you can't work on the property as it must be a passive investment (e.g. you must hire someone to fix the toilet and can't pay the expense with non-retirement funds).7.

I wouldn't consider myself seasoned by any means, but my current live-in flip taught me SO much (estimating costs and what to DIY vs hire out).

I do not plan on ever hiring a realtor.

What do you look forward to when hiring a property management company? 

Are you planning to PM yourself or hire someone to do it?

(in fact, despite living in Nashville I spend most of my time in East TN now, as it's the primary real estate market I serve, specifically working with long-distance investors on finding great STR cabins)  @Matt Castle is right that the market is super hot, but they're still cash flowing machines, which is why it's staying hot.

@Matt Castle I agree.