The difference between a 12% return and a 16% return compounded over 20 years will make you sick to your stomach. 

@Douglas Skipworth and Dean Harris of Crestcore have a great podcast and a video outlining all the zip codes in TN as well.

Documentation Needed – Lenders typically require lease agreements, property income statements, and a minimum DSCR (usually 1.1–1.25).

I've closed a bunch of loans with Kiavi, Roc, and a few with ABL, I also closed with RCN, Easy Street, Lima One, and some smaller private lenders.I've come to the conclusion that the experience at the lender is not globally good or globally bad. 

It’s an interesting approach, but ensuring a strong screening process and a legally solid agreement is key.

You're right, we're a resilient city and a lot of neighbors helping neighbors.

Climate refuge is a genuine priority for many and a reasonably distanced retreat or refuge has perhaps never been more valuable?

People don’t want to share their quiet neighborhoods with renters who don’t value peace and quiet and a sense of community.  

I financed this property using down payment funds from 403B and a local commercial bank. 15% down from personal funds. 85% down from community commercial bank. 3yr balloon, 20yr amortization, 7% interest rate.

However, with high rates, the next mortgage would be very expensive, and a vacancy would be intensely expensive with two mortgages.