The other big piece of news recently was the approval of Metro's transit plan for greater Nashville.

Do you think Airbnb and VRBO consider your best interest and profitability when determining pricing, or are they just worried about getting guests into your place?

This would be our first flip together, splitting cost and profit 50/50 with a hard money loan for what we cannot make up on our own.

Many successful active investors transition to passive investing as a way to diversify into new asset classes or markets and to earn back some of their time and still benefit from the positives of real estate investing.To answer your question - I would allocate a portion of the $200,000 to MF as I believe this is a good time to invest in an asset class that has recently struggled. 

If we're consistently profitable and find that the cleaner is not effective in responding to guest needs, then we will not hesitate to go the dedicated on-island agent route.

either by increasing direct profits or creating growth or both.

Can I still deduct all renovation costs from the profit in regards to paying taxes on the profit. 

I've looked at the fastest growing areas in other states and while I think you can profit from real estate everywhere, perhaps with a different strategy, investing in the fastest growing areas in the state seems to me to give an edge or a push in the right direction.David KrulacBigger Pockets Podcast #82

At first, you won't be able to offset your W2 income with losses, but it is nice when you sell a property at a profit and all the capital gains are wiped out by losses from other properties.A huge amount of tax savings get unlocked if one of you leaves your W2 job to focus on real estate and you get Real Estate Professional Status (REPS). 

However, profits would be bigger if there were no HOA fee and there would be more opportunity to make improvements on the property.