Would be very interested to hear from experienced investors on your thoughts for these two areas specifically. 

But if you have a cash buyer who is specifically looking for income property, and even more specifically a vacation rental property,  I firmly believe that there is a value add from having a working STR there.

I do not care what the source of the return is  Historically the highest return is via a value add and appreciation and is more so recently due to the recent rate increase versus earlier this century (before 2022).However, most new RE investors cannot handle extended periods of large negative cash flow.  

I’d recommend confirming the scope of work and checking with the Tennessee Board for Licensing Contractors to determine if a license is needed for your specific project.

Some company paystubs have specific characteristics that are embedded in the document that make them a bit different.

I 100% would keep the money if they do not check in.Your question specifically - We do not pay our cleaners for any scheduled non-cleans. 

It’s worth reaching out to your lender to discuss the specifics and get a quote based on your improved property value.

Just search and try to find ones that understand sourcing investment properties. 

If you're open to mid term renting (we transition to this during our slower season), I'd also recommend speaking with the university and trying to see if you could try to be the source for their mid term housing.

I am not referring to PR specifically.