My husband and I bought a short sale last year which I am now using for my home-based business.2) Raise funds for a down payment and slush fund to cover vacancies, repairs, etc.I love that BP is such a vibrant community and has such a wealth of knowledge.

Do yourself a flavor flav and get a hipster property today.

This is a bit complicated and subjective, since opportunities come in many flavors.

I'd say that developing a vibrant community does require you to be there constantly, organizing events, creating connections, services etc..so way more mgmt intensive compared to my rentals.

There was a lot of time and money wasted being STUCK with a project.The local civil engineer as mentioned should be able to give you much more "local flavor" on the area then we can.

There are deals to be had, but purchase prices are high.East Nashville - As Matthew said, many investors in that area.Airport Area - Antioch, Hermitage, Donelson - all decent areasMurfreesboro - Largest university in Tennessee located there along with a vibrant job market.

As you seem to know, hard/private money lenders come in various flavors large and small and few are rigid in their criteria.

Your jurisdiction, the political flavor and social aspects that may influence a jury, past cases, types of exposures related to the business activity and ability of management.

I don't promote the 'daisy-chain' allowing those who can't find deals on their own to stick their hand in my or my investor's pockets and grab some of the action.Do yourself a flavor and go find your own deals so you can construct and present them in the manner that meets your specifications and you won't have any of these problems.

People, Bill has already had a post removed that had very dangerous suggestions, just because someone has ideas and makes it sound like the best thing since sliced bread doesn't mean it safe, ethical, prudent or legal.Bill, welcome to BP, but you might do some lurking and reading to get the flavor of this site.