@Christine House This can be the downside with investing in properties that have a HOA (sometimes they have a max capacity of how many rentals can be within the HOA, what type of rental they can be, or they can cut off rentals all together at anytime)If you have family that lives in the area, that could be a better option temporarily until you move it on into something else that can work for what you're tying to do.

Absolutely, feel free to DM any time!

I checked with State farm ,since I have everything under them as of now,they gave me a quote of 1200/yr but with 1% of house value i.e 6000$ as deductible .There is no in-between,it starts from 1%, then 2%..3%.Considering it's a new build , hoping I won't need insurance anytime soon ( fingers crossed) .

I can give you a crash course in them anytime. 

Its possible underwriting might balk at a nonconforming unit because in theory it could be shut down at any time and that income could evaporate. 4.

I do not plan to sell any time soon but do plan to refinance in the coming years.

I'm an investor and agent in Sacramento and happy to chat about the good and the bad of working in this market anytime.

Nashville and its surrounding suburbs are still experiencing rapid growth - and it doesn't look like it will be slowing down anytime soon with companies like Oracle and Amazon moving HQs here.

Yes you are giving up a rate that you probably aren't going to see again anytime soon, but as long as you aren't locked into an extensive penalty period you can always refi again if rates plummet to the point that it makes sense to do so. 

Feel free to reach out to me anytime if you are wanting more info on the area, or if you're interested in investment properties here 👍