There is a significant price decrease in the price per watt overall with electric heat.2nd would be to check the type of baseboard heat.

Purchase price is $210,000.

Due to the popularity and scarcity of these properties in Nashville, it would be difficult to find a property meeting the STR requirements given a proposed purchase price of ~$300-350k.Additionally, your situation is a bit unique as it sounds like you may be living away from your primary residence more often than not, and as such, I also recommend you confirm with a lender whether this situation would qualify for this type of (primary residence) loan.

How much weight do you give to the cash flow benefit of cheap debt when the property is priced above market?

Im looking forward to networking and making new connections with as many of you as I possibly can!

Study the trends, know the neighborhoods, and understand pricing. 

Purchase price: $100,000 Cash invested: $35,000 Sale price: $270,000 Hey BiggerPockets Community,I recently updated a multi-family property on a tight budget and significantly increased its value.

Pricelabs Market Dashboards – Great for analyzing local comps and pricing trends. 3.

At some point I'd like to begin a long career in REI and would like to have met some people already that can share in that endeavor.Looking forward to meeting everyone!

A key lesson here is buying at the right price; overpaying by $15K can make a big difference.