The process of buying, getting a loan and settling to closing was extremely smooth.

In my free time, you’ll usually find me working out at the Y or hiking with my dog, on one of Nashville’s many trails and greenways.As a CPA with over a decade of experience in corporate finance in the insurance industry, I understand the financial side of real estate inside and out.

Also, due to increased liability exposure property insurance premiums is adversely impacted causing fewer and fewer building owners to seek out ATM tenants.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

Right now we're inquiring with our insurance provider to validate proper coverage, checking with our rental license if it covers uses like this, and working through what a lease would look like. 

This is how insurance works, imagine if an insurance carrier only had 10 people in it, 1 needs a surgery, POW that's a BIG hit.

---Are you talking about insurance?

My assumptions are:1) Cap-ex, maintenance, vacancy, and PM costs are around 33% of rent. 2) My desired cash-on-cash return is 12%.3) My taxes and insurance, for argument's sake, are a combined $550. 

Also, the insurance was a lot less on a brand new home compared to an older one. 

I just do all my bookings over airbnb, its too risky to go direct as the guests aren't covered by airbnb insurance.