I plan to live in the smallest unit and rent out the rest.

If your estimated rent from a property pays off the Mortgage + Maintenance + Property Tax + Insurance.

Not even Balance Sheet.I don't know if they changed their model since the change of subscription plan but it isn't ideal to use it as depreciation or amortization.They do have a balance sheet. 

Keep in mind though along with rehab the turnkey operator is paying all the holding costs generally most if not all turnkey companies use HML loans for their inventory ( thats my Job) and paying taxs insurance utls etc.. so you need to add 10 to 15 on top of the all in for holding costs..

Though I'm in sure what the trends have been in TN over the last couple years.

Instead, focus on learning their plans, challenges, and openness to selling.5.

Thank you all who responded, I plan on spending some time driving the neighborhood and talking to anyone at the local coffee shop who will talk to me. 

We are seeing a lot of investors have success with this strategy with plans to hold the properties they are rehabbing as rentals for several years before selling.

Dave Van Horn is a collegue of mine and I am glad that he was able to point you in a direction that helped you feel better about your retirement planning. 

They can offer valuable insights into the local market, potential rental yields, and specific considerations for a rehab project like the one you're planning.