Gloria,Based on the excerpt below from the TN Business Tax Guide (google this for your reference), operators of residential and non-residential buildings other than hotels, motels, or rooming houses are exempt.

All discussed in my 10 Step Guide. 

I have been reading the Beginners Guide (great info in there) and learning a lot.

And if you’re looking at small multi-family, check out my 10 Step Guide. 

The tenant has been great so far and was happy that I decided to wait on the increase - time will tell how valuable those brownie points were.

Point being, be very aggressive in your price drop and even if you only break even, consider it a valuable free education!

Thanks in advance,--Adam Adam, I wrote The Ultimate Guide to Grading Cleveland Neighborhoods for guys just like you.

I talk about discovering your passion and how that aligns with your goals and REI strategies in my 10 Step Guide for Buying and Holding a Small Multi-Family Rental Property (now available for download in the FilePlace).You've taken the right first step (joining BP).

I talk about this in my 10 Step Guide to Buying & Holding a Small Multi-Family Rental Property that is now available for free download in the FilePlace -> eBook section. 

You stated that the seller would lose money if he sold traditionally so you are offering a valuable alternative here.