My goal is to foster a productive conversation where we can share knowledge and insights to benefit everyone involved in Nashville's real estate scene.Looking forward to engaging with you all and learning more about this dynamic market!

Great QuestionFew clarifying questions for your scenario:-What kind of mortgage product is the 160k mortgage?

"That" alone (the age of it) may come into play soon, as most ins co's are getting very tight on the coverages and policies.Without seeing it, but knowing the climate, I would lean towards replacing the roof ... with a decent but not high end product.

What are your most productive methods of getting tenants?

A few important things I would be looking for:1) the experience and credentials of the broker who supervises the company as well as the lead property manager2) the services they offer and how they line up with your needs and expectations3) the use of technology to make their job and yours easier 4) if they have a landlord-tenant attorney on retainer to help guide them on legal issues (not to mention the creation of lease agreement, landlord forms and notices, etc.)5) their process and policy for a) listing, b) application, c) tenant selection, d) routine inspections, e) maintenance services, f) property and tenancy update reports to you, g) lease enforcement policy, and f) move-out process.6) property owner reviews (you can't always rely on Google reviews, because they may not reflect actual quality of the company, but still) 7) beneficial programs for both owner and tenant 8) a property management agreement that would indicate they know what they're doing and have the experience to know what matters in a PMA.

Like most real estate, your entry price point has to be attractive, and you have to have the right product.

Do you have any idea if there is a loan product in the US given to an LLC, not necesarily to buy real estate, but maybe capital to invest in your business.

Depending on property condition and whether the property is still habitable (renovations are primarily cosmetic), you shouldn't rule out a regular cash out refinance, which may be cheaper than a renovation loan or other non-conventional product. 

I'd drive around the and find a few multifamily communities that you could see your self living.From a financing perspective, new agency guidelines are allowing for a 5% down conventional loan product on properties less than four units. 

All VA, FHA and USDA loans are assumable and even a few Conventional loan products out there are assumable as well.