Much better as a short term acquisition strategy for flips IMO but always a high-risk strategy that should not be practiced by anyone who doesn't have the liquid capital to pay off the loan if needed.

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

I don't work in Nashville area but $165 per sq ft seems quite low to me.In terms of financing, I would speak with a few construction lenders and also hard money lenders.

Its not as simple as using eviction law even after you closed and now are the owner. 

and, with interest rates high, it's very, very difficult to cash flow right now in the short term. 

Pensacola has a lot of potential, and I’ve seen investors do really well in the area with both long-term and short-term rentals.Since you’re just getting started, here are a few tips that might help:Know Your Market: Pensacola’s mix of military families, college students, and tourists means there’s a steady demand for rentals.

In terms of finding a property that "works," I think you are absolutely right, there are probably better markets with more reliable cash flow.

As the new property manager, you have the authority to enforce its terms.

- Are there other lenders you’d recommend for refinancing rental properties that might have a smoother process or better terms?

Although whichever option you go with make sure you're also thinking about the long-term property value and what makes the most sense vs trying different angles now that negatively impact future resale/property values down the line.