I think there's a pretty low bar for competency in the management business because it's not glamorous and can be a grind.

Too many low income apartment buildings near by / vacant buildings. 

Shoot me a DM if you want some help with finding a condo or house with a low rate that's on market.

I figured, if I hire several low skill employees it would equal one high skilled employee.

As you can tell marine the appraisal came back 40k low and I was so dumbfounded.  

note if we sell the primary residence, it is very likely we will not need mortgages to buy smaller rentals as we would use that mostly.Though I take your point on keeping it. our house was a new construction (3 years old) though so possibly low maintenance risk to keep for a rental. 

But I do think that the overall quality is very low compared to the rest of the US.

Common sources of such properties include:Foreclosures: Homes that have been repossessed by banks due to non-payment.Distressed Properties: Homes that are in poor condition and need a lot of work.Auctions: Properties sold at auction for below market value.Off-market Deals: Properties that aren't listed on the MLS but are available for sale through direct outreach or networking.The key is to buy a property at a price low enough to ensure that even after renovations, the home will appraise for a higher value.2.

. - There are very low management costs since the property has long term tenants that take care of their own repairs.

I don't work in Nashville area but $165 per sq ft seems quite low to me.In terms of financing, I would speak with a few construction lenders and also hard money lenders.