The specifics of your situation will determine where you might need to fall on that spectrum of holding period.

I would be much more specific on pricing.

Hi, Just bought a unit via LLC in Nashville area, specifically in Berry Hill to operate as STR.

Are there specific lenders or loan types I should look into?

Hi Shawn, I don't think the verbiage in a notice like this is state specific.

You might consider other strategies, like taking a home equity loan or refinancing to fund repairs, but consulting with a tax professional or CPA would be the best next step for your specific situation. 

A solid property management team (or maybe multiple PMs if your portfolio is large enough) is a must for out of state investing.

Responses like this are good for me because I am pretty uneducated on things like specific loans or qualifying requirements.

I personally like Alabama and Tennessee a lot, depending on what specific area you're looking at.Look for Class B or C properties in stable rental markets, particularly single-family homes or duplexes.

However, it adds up quickly if you analyze the cost of turning the unit, marketing, vacancy loss, and your team's time to find a new tenant.