Multi-Family Buy and Hold - New to the market

[Viviana Rueda]

Greetings Everyone - We're in the process strategizing our relo to Nashville.  As investors we have focused on Live-n-Flips and Buy-and-Hold investments. In my research I've seen a ton of action around HPRs.  Not sure we want to get into that product without a development team in place which we don't yet have.  I'd like to look at multi-family to hold for income property.  We're coming from South Florida where there is a lot of this product. 

That's the context, here's the question for the community:

What's the market availability for multi-family product from duplexes to quads in the outlying suburbs of Nashville.  Common or minimal?  Typically in need of deferred maintenance?  And an associated question, in TN does multi-family larger than 4 doors become commercial vs residential?

TIA!