Yes, Angela @Angela Dulin I want to have flexibility for any rental duration (Airbnb style, month, 3 months - all of it), without restrictions imposed by HOA or local laws.You are saying I need to receive a permit from the Metro Codes Department prior to listing property for Airbnb, or any rental in Nashville? 

As I’m trying to find my market, before running any deep dive numbers I noticed that I find myself drawn to properties that are HOA.

Rents are around 1650-2k monthly and HOA fees are 125 in the neighborhood.

The rent covered the mortgage, property taxes and HOA fee.

Its a 2bd 2ba New Construction townhouse in a growing area near a guaranteed to grow military base (a major command is in the process of moving here)It will be my 2nd time using the VA loan, after everything the loan will be roughly 155k with 0 down at a 2.75% interest rate.It would amount to about $915 a month including escrow (property tax and insurance) and HOA.

After taking into account mortgage, closing costs, minor repairs, taxes, hoa fees, cap expenses, vacancy rate, misc fees my cash on cash is almost 20%.

P&I is around $879, HOA is $259, and property tax is around $300/mo.

However you'll have to watch out for the HOA fee wise and if they allow STRs. 

Can an HOA stop you from renting out your home short term?

An additional “hidden lien” to look out for is hoa debts.