Nashville has great hospital systems, but there are many reasons why someone might want to stay that have nothing to do with being a provider or a patient.

Key is to lay it out on paper.  

Find key principals/sponsors. 

Be patient and work through your investment one step at a time.

The key factor is ensuring the property qualifies for favorable tax treatment by adhering to IRS rules regarding short-term rentals and material participation.For the 7-day rule, the IRS requires that:The average guest stay must be seven days or less for the property to qualify as a short-term rental.If the average stay is 30 days or less, you must provide substantial services similar to what hotels offer, such as daily cleaning or concierge services.Regarding material participation, to further classify the income as non-passive, you must meet one of the following criteria:You spend more than 500 hours actively managing the rental in a year.You manage the business yourself and spend at least 100 hours, with your involvement exceeding that of any other person involved in the rental.Please note there are actually 7 ways to qualify, the above two are the most common.

Had a bigger pockets buddy buy at the same time and he flew down to get keys and met the management company by accident.

Here are the key differences:1.

The key with any business is to solve a problem in a long-term profitable way.

Be patient.

Do not do cash for keys.