They were referrals and the business started to grow simply because I had a competent team that was responsive and looked out for the owners' best interests.

If you decide to move forward, best of luck to you.

There’s no specific law mandating general liability insurance, but it’s a smart move to have it.

This targets family’s between homes, either because they just moved to the area; have a definitive time work contract; current house is being rebuilt/remodeled/repaired; students with “rich” parents; recent separated/divorced who needs space for children visits; Houston medical center stays; etc.  

There are a lot of affordable properties in Knoxville, but the growth isn't terribly vibrant and the deman isn't what you'd expect for a city of that size and that close to the Smokies - you're mostly looking at college rentals for the meat of the move season, and the SF market, while it exists, doesn't really compare to Chattanooga. 

We understand that tax complexities can be challenging, but our experience shows that many of these barriers can be overcome with a strong local team.

I think the first step would be to contact a lender and figure out our best options moving forward.

You may want to move on it sooner rather than later.

In 2009 I renovated my own apartment and moved out.  

There's no problems living next to your tenants, just tell them your the manager NOT the owner to avoid guilt tripping.You have to analyze the deal 1) while you're living there 2) when you move out.