Most of the one bedrooms that I have seen in the area seem to be going for 800-950 so I don't think I would have much of a problem, but I definitely want to be well informed before proceeding with this.

I definitely thought it was a scam but it was legit and easily one of my most profitable 1 night stays away from a pure revenue stand point.

But be mindful of the debt service requirements and ensure your rental income is sufficient to cover the loan payments.It’s definitely possible to scale up with DSCR loans—many investors use them to build large rental portfolios.

I was just throwing out an idea, but I will definitely look into that from TVA.

I invite you to perform the exercise and find what your cap ex allocation should be.certainly $50/month for maintenance/cap ex and misc is not enough and this property is definitely cash negative when properly allocating for expenses.  

The first consists of the general exemption, which means the sponsor just complies with the definition as defined by the SEC.  

Being "boy wonder" can lead to ego and pride definitely comes before the fall. 2) Irrelevant.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

I would say if you do jump in without physically going to the area...you should definitely buy in a nicer neighborhood (I hear too many stories with new investors getting burned investing in bad neighborhoods). 

You're definitely in the right place.