Based on your assessment of the spread, if it makes sense, then jump in and make an offer but try to push the settlement date back as far as possible to give you enough time to come up with a detailed execution plan for turning the property back into market. 

What other parameters do you use to assess the worthiness of a deal?

Once possession is taken, the landlord can follow the statutory provisions regarding making a claim on the deposit, including assessing for damages, accounting for all monies owed and unpaid during the lease, taking move-out pictures, getting needed estimates for repairs, etc.

My first step would be to go by the tax assessment.

Here is some information that might be helpful.Rent Collection/Property Management:For collecting rent from multiple tenants and managing your property, here are a few popular options:Cozy.co: This platform is free for landlords and provides rent collection, expense tracking, and even maintenance request functionalities.Buildium: This is more comprehensive and suitable if you ever decide to scale up and manage multiple properties.

@Nathan GesnerThank you for your very comprehensive reply.

If you wants to find a property in Nashville you should define your investment goals, research the market, choose a location, assess your budget and financing options, choose a particular type of property, become acquainted with local regulations, network with professionals, conduct thorough property search and due diligence, think about one’s long-term investment strategy and assess risks and opportunities.You can locate a good home in Nashville by taking these steps and consulting with knowledgeable local consultants.Good luck!

I've been researching and see a few credit unions that do "ADU loans," where they'll assess property value after construction complete, then loan based on that amount.

This involved a thorough property assessment and minor cosmetic improvements to enhance its market appeal.

This involved a thorough property assessment and minor cosmetic improvements to enhance its market appeal.