No problem @Kyle Nikolich! 

Over the last decade, Nashville has grown its hotel room supply by 52%, opening 20,000 rooms.

I believe I've heard about $120/sf for the cost of building.

Some of the best ones are offering rates as low as 5.75% at no cost to you, it just requires a 30% down payment.

Don't look for lowest rate, look for lowest cost on fees as you will either refinance out of that loan or sell- the prepay will hit you on the back of the head like a cinderblock wall.

Anywhere in between, I think it's deflationary because consumer won't continue to eat it & supply side is still long enough to not warrant new supply at tariff related prices.We really need to see how long this lasts.  

@Jim LynchSome typical minimum tenant screening requirements look like the following, but it depends on your market:-Renter has a gross monthly income of 3x more than the monthly rent-Minimum credit score of 650-Renter must have no prior evictions-No felons (or other notable criminal history)There are a number of different tenant screening softwares out there such as Zillow Rental Manager, TransUnion SmartMove, etc.Be sure to complete an employment verification by contacting the renter's employer and confirm the details they shared with you, landlord verification (if they have a previous landlord), credit check, and background check.

A cost segregation study was performed on this apartment building in Knoxville, TN with a depreciable cost basis of $17,323,250.

For any commodity market, costs are passed to consumers when demand balances or outstrips supply.

DIY online cost segs that are <$1k are being tossed out in audit like yesterday's garbage lately.