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Updated over 4 years ago,
Commercial and multi-family investing in TN?
I am considering relocating to TN. Haven't decided on an exact location yet, looking at northeast TN for now, but that may change. I'm experienced in multi-family, mixed use, and mobile home park investments in NY. We own/manage around 100 units currently. For now, I'm just looking to get a general flavor for similar investments in northeastern TN.
Questions I have to start:
- How are the landlord/tenant laws to work with?
- For a multi-family, what is a general range of cap rate?
- Specific experiences/knowledge in mobile home parks (prefer 40+ units) in the area
- Is appreciation a factor or are values steady but cash flow is king?
- Any other thoughts/feedback that you might think would be helpful for my consideration
Thank you in advance!