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!

Development is one of those plays that either goes incredibly well or incredibly poorly.

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

They have it arranged that a broker (this poor woman’s fiduciary!!!)

If you are younger, I would suggest being less focused on cashflow and more focused on asset accumulation (Rich Dad Poor Dad) at a higher grade.  

I've seen several projects that had to be demolished due to poor workmanship by general contractors.If you wish to discuss further you can DM or call me.

This is especially true if the property requires significant upkeep or if the heirs live far away.Owners of Distressed PropertiesSellers who own homes in poor condition and can't afford the necessary repairs may prefer to sell as-is rather than invest time and money into renovations.Landlords with Problematic TenantsLandlords who have been dealing with problematic tenants, frequent vacancies, or costly property damage might want to offload the property quickly to cut their losses and avoid further hassles.Owners Facing Major Life ChangesSignificant life changes, such as health issues, retirement, or downsizing, can motivate people to sell their property quickly.

Door replacement and framing (lack there of) and poorly installed electrical from the previous owner.

"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?