If the property is in good shape, cash vs. mortgage is negligible.

Is anything that aligns with real estate in any way, shape, or form?

Key risks include vacancy timeline, tenant profile, buildout costs, market trends, interest rate, financing, and repositioning.

typically you will have some skin in the game, if you do the numbers, run comps and follow trends, the probability of failure is mitigated.Don’t be afraid to fail, be afraid not to try.

Is the siding in good shape?

Is the surrounding areas trending also with increased density?

Hi Thomas, My daughter and I manage long term rentals in the Phoenix market and I can say that in the past couple of years we are seeing a trend of people doing exactly what you are considering.

Expertise and Experience: Property managers have specialized knowledge in managing properties, including understanding local market trends, legal requirements, and tenant relations.

I will offer this suggestion, If you can secure long-term tenants post-leaseback and consider future value-add improvements, the property could yield even greater returns.Also, keep a close eye on commercial real estate trends in Middle Tennessee, especially given the area’s growth.

One metric they provide is new construction sales, which I can use to calculate % of total sales and see whether that value is trending up or down.My question is, in general is a market more or less desirable if there are a lot of new builds hitting the area?