The rates vary throughout the State because of the different millage rates and tax districts, but in Richland County for instance, the taxes essentially triple once it goes from legal resident to non legal residence. 

For example, are there specific documents or information I should prepare, or would identifying a target property first be more beneficial?

I am assuming short-term rentals would be legal in the municipality.

With the internet, there aren't really do overs -- most websites have other websites that grab (legally or illegally) information . . . it is pretty impossible to make anything disappear once you put it online.

@Phil Petite Forming an LLC in Tennessee is recommended if your rental properties are located there, as it simplifies legal compliance, avoids the need to register as a foreign LLC, and aligns the LLC with Tennessee's laws for property management and tenant disputes.

.💬 Ask in the right forum – If you’re looking for financial advice, head over to the Finance, Tax, and Legal forum.

Legal or not if you put the wrong tenants inn your property with out proper (VETTING) it's your fault and if your real estate agent agent puts in a bad tenant it's also your fault.

We state that the investors who are posting may not have read the PPM, may not have investigated the investment or sponsor, and may not have engaged the services of legal counsel to review the corresponding documents.

I would also reach out to real-estate friendly lawyers to help you draft the necessary documents to form an LLC and to talk through the pros/cons for various decision.Also, I'm curious why you decided to invest in BHAM.

If you have a claim (and a pool is a ticking time bomb for a claim), your insurance company and their legal counsel will want you to provide all evidence of pool upkeep, including the grounds area.