The new design takes the home from a 3 bed, 2 bath to a 4 bed, 3 bath, 2,400 sq ft rambler on a large lot in highly desired area.

We are dedicated to delivering comprehensive real estate investment services designed to help our clients achieve their goals.You bring the deal; we bring the funding! 

I would recommend familiarizing yourself with the two permit designations here: https://www.nashville.gov/departments/codes/short-term-renta... 

I could write a whole book on this topic, but this is what came to mind.3) There are a few factors that I consider when picking the city.

@Alex Messner, your decision, amongst other factors, mainly depends on you and your wife's financial profile. 

After 2 years you can apply for a “Rent consideration” (I think that’s what they called it) as long as you still live there and that may allow you to increase rents by more than the annual allowance (probably designed for unit that are very low rents).

Most (not all) HELOCs require that the property is titled to an individual (not LLC) and are full doc, meaning your employment history, income, DTI etc will be factors.

Flipping a brand new home likely wouldn’t bring much profit - especially after having to close twice when you first buy it, and later sell it.Maybe you have millions to spend and I’m just missing the big picture… but when I think of “income” I’m usually thinking “net income” after you factor in expenses, like purchase price or building costs?  

I have a lengthy Legal Opinion, from my seasoned Legal Team regarding this matter.There are several important factors, when thinking about proposing Seller Financing.

The cash on cash number is what I liked about it and I think the Capex will not be a big factor because of the Tenants already are there and have been there and want to stay for long term so vacancy was set lower.