I am under contract to buy and flip a house that I am paying $615K for. 

So, again, an opportunity to take on less risk initially to get the learning curve out of the way.Bottom line - your approach doesn't have to start out one or the other. 

Specifically understanding why a visitor would want to stay in Northern Grays Ferry with STR options in close proximity in university city & center city....presumably the locations where your visitors will be spending their time while visiting.  

Good luck to you Shiloh.

To become a true business owner or investor, you need to leverage your time through others.

You should have given written notice on the first day you became an owner and told them they must be out before February.

Is that local to me?

So it could take a decade to get to todays market rent. 2) it’s almost impossible if not impossible to non-renew a tenant, especially if you’re not an owner occupant. 3) As a seller, even if I could remove paying tenants I never would without a non-refundable payment from a potential buyer that covers all vacancies for 6 months if they fail to complete the purchase. 4) You MIGHT say as a buyer that’s worth it.

So I was just wanting to get opinions on the best way to leverage the equity and heloc I have? 

In davidson county most people book an STR to be close to downtown or at least close to somewhere cool as a secondary priority (like 5 points or 12 south for example).If you have an STR in white house it's going to need to make up for location.