I mean come-on man, it's all over the place in TN you just gotta get to work on making it happen Bro. 

The gray home to the left is on the market for $550k, to put things in perspective (it’s a 4 bed / 3 bath, 2000 sq/ft, with modest finishes).North NashvilleThis place was a little bit of a disaster zone, which is why I love it 🤠.

If your mom is wanting to keep the note in place once the property is stabilized for personal income, I would probably cashout refi your other rental that has equity and use that cash for the rehab of the new property.

Once you have figured out the first 2, the last questions will fall into place.

It's no guarantee but it's a good place to start.

I’d really appreciate any insights, whether there’s anything I missed, any places you’d avoid, or any tips for STRs in this market.

There is a time and place for highly levered hard money debt but its expensive.

Great place to invest!

I tried to rent one of these buildings for a developer. it was brand new construction, really well done.One after another is was voucher applicants who had criminal records, you had no idea who was actually going to be living there, some were high out of their mind and/or drunk, average credit score was 500, consistent late payments, eviction records, etc.By some miracle I rented one place out to 2 young girls looking to save some money.

I don't necessarily follow that model anymore, but it was a great place to start.