Hey @Raven Ye Mahar, so you should call the city and make sure but if you are renting it long term, you shouldn't be on the hook for any of the occupancy taxes.Nashville has a STR Occupancy Tax - https://www.nashville.gov/departments/finance/office-treasur...In the end, I would just call the city and get the deets that way. 

How did you finance this deal?

To thrive in real estate investing, you must maintain a firm grip on your finances.

I have been working on creating more passive RE opportunities and have come across a unique equity financing structure.

I am a short term rental specialist and help investors, found this deal for myself How did you finance this deal?

However, if managing tenants isn’t something your parents want to deal with, selling after renovations could also provide a large profit.Feel free to reach out if you'd like help with running numbers or considering financing options if you go the ADU route → I’d be happy to help!

Locate a Motivated Seller that will consider Seller Financing.

To thrive in real estate investing, you must maintain a firm grip on your finances.

Does anyone have any tips or software tools to help give estimates on pricing and the potential occupancy of the rental?

Not much has changed in my life, but if I now have to finance a rental property vs primary home, my options change.