We are investing in Knoxville, and your Nashville market has so many attractive sub markets.

If it were me, I'd probably hold off to see if you can't attract a single family or some other tenants.

If you charge below market rate, you will attract low-quality renters who are more likely to trash the property and make your life miserable.

I was recently quoted as low as the high 5%'s on a FHA loan for a new primary property..these are attractive borrowing costs in comparison to the comparable costs of renting a similar property profile. 

Thus on a million dollar home, house (Depreciable) value is only 250k, so depreciation is roughly 25% of that at say 62K, and income bracket even if highest 37% rate the actual tax loss is now down to 23K. 

It might also be possible to attract new participants who were previously unaware of (or intimidated by) note investing.

Not looking to rake in millions, but lookign to at least break even as we would be using the property as well in summer and maybe winter here and there.

Ron Hubbard built his scientology business: Mid-level sales professional selling the dream lifestyle and over-promising returns to attract people to him so he can capitalize on their innate desire to become successful and rich like him...

For your long term success it does not matter as much if you have 10 doors or 100, as if your portfolio value is 500k or 5 million. 

A clean, well-designed bathroom can also enhance the overall appeal of the home, making it more attractive to potential buyers.The curb appeal improvements typically rank third in terms of ROI for fix-and-flip projects.