Main factors were: Tourism growth, city growth (businesses and residents flooding to Nashville) - will ride the appreciation wave long term as the city rapidly grows and expands, and year round tourism - less seasonality.

This guy's GF had just left him....so I just felt weird about the comments.There's an older guy around 70 that likes to talk and talk and talk anytime I'm over there. 

All my coworkers are much older and very wealthy through real estate, all different ways.

I saw some older articles that said small landlords are not subject to the Act, but I'm now reading the Act itself and I don't see any such global exemption for small landlords.  2. 

This hurricane season will likely be devastating.

This gentleman lives out of state and is 96 years old. 

The current owner is getting older and needs to move back home (according to family) towards my hometown.

I’ve purchased 1930’s through 2010 built product and the older product always has more issues.

Plus if you do not have a well established team to get your project finished up before the end of the summer selling season, you may not get the return you were expecting as holding costs and declining values are eating profits.Option 2 sounds like a safer bet, but yes you will have to cover some expenses and may have to carry the property with your own cash until rent prices appreciate enough over the years to cover your mortgage payments. 

In Charlotte, areas like NoDa and Plaza Midwood have older properties with potential.