He was the lead attorney for the National Association of Residential Property Managers and really knows his stuff.

If you can find a national tenant who will pay $65 - $75k/year, NNN then it might be viable.One note: BEWARE OF THE VAULT! 

Of course, normal piercing of the corporate veil analysis applies and you can botch it up by mixing personal and company transactions or by failing to follow legal formalities for the LLC.

I also am military and still serve in the TN Army National Guard at the rank of Staff Sergeant and have been serving for 8 years with 1 deployment overseas.

Two of them local and two of them national.

There is also one big issue with your tax projection - the taxes of $280 are based on the vacant land taxes and will likely go up to ~$2000-$3000 in a year or so when the assessor catches up with you.I realize there is a 1031 involved so a real estate purchase is necessary, but you should compare your ROI to a safe yielding instrument like a 10 year T-note or AAA corporate bond yield. 

Thank you BP Nation.

Also try this group for female STR investors, it’s national and very supportive . https://www.facebook.com/share/dRxVYnXZKz7nQ7YY/?

Wosrt city in the nation to be a landlord.

-Appraisals seem to come in low a higher percentage of time than with conventional loansAs a listing agent, this is the order of preference for how the loan on an offer looks1) All Cash No Contingencies2) All Cash Some Contingencies3) Hard Money Local Hard Money Lender4) High Down Payment Conventional Loan5) Low Down Payment Conventional Loan5) FHA/VA Loan6) FHA/VA Rehab Loan7) Hard Money National Lender