This may be an important point - I could really get hammered if I don't know the cost of hammers in TN.I welcome all thoughts/suggestions/advice.Thank you.

If you purchased with all cash and your property only has minor repairs that would not be an issue in the appraisal report you can get a Delayed Financing mortgage through Fannie Mae and technically cash out the day after closing instead of waiting six months .

In my area one bedrooms are very hard to rent, and my #1 pick for a tenant would be an elderly lady who is likely to stay until she can't live on her own anymore.  

Tammany Maryland: Somerset, Worchester Massachusetts: Barnstable, Bristol, Dukes, Nantucket, Plymouth Mississippi: George, Greene, Hancock, Harrison, Pearl River, Perry, Stone New Jersey: Atlantic, Cape May, Ocean New York: Nassau, Suffolk North Carolina: Beaufort, Camden, Chowan, Columbus, Craven, Currituck, Dare, Hyde, Jones, New Hanover, Onslow, Pamlico, Pasquotank, Pender, Perquimans, Tyrrell, Washington Rhode Island: Bristol, Kent, Newport, Washington South Carolina: Beaufort, Charleston, Georgetown, Horry Texas: Brazoria, Calhoun, Chambers, Galveston, Jefferson, Kenedy, Kleberg, Matagorda, Nueces, Refugio, San Patricio, Willacy Virginia: Accomack, Northampton Zone 2 (110 mph) Alabama: Autauga, Barbour, Bibb, Bullock, Butler, Chambers, Chilton, Choctaw, Coffee, Conecuh, Coosa, Covington, Crenshaw, Dale, Dallas, Elmore, Escambia, Macon, Montgomery, Perry, Pike, Russell, Sumter, Tallapoosa, Washington, Wilcox Connecticut: Fairfield, Hartford, Litchfield, New Haven, Tolland, Windham Delaware: Kent, Sussex Florida: Alachua, Baker, Bradford, Clay, Columbia, De Soto, Gadsden, Gilchrist, Glades, Hamilton, Hardee, Highlands, Jefferson, Lafayette, Lake, Leon, Madison, Marion, Orange, Osceola, Putnam, Polk, Seminole, Sumter, Suwannee, Union Georgia: Appling, Atkinson, Bacon, Baker, Baldwin, Ben Hill, Berrien, Bibb, Bleckley, Brantley, Brooks, Bulloch, Burke, Calhoun, Charlton, Chattahoochee, Clay, Clinch, Coffee, Colquitt, Columbia, Cook, Crawford, Crisp, Decatur, Dodge, Dooly, Dougherty, Early, Echols, Effingham, Emanuel, Evans, Glascock, Grady, Hancock, Harris, Houston, Irwin, Jeff Davis, Jefferson, Jenkins, Johnson, Jones, Lamar, Lanier, Laurens, Lee, Long, Lowndes, Macon, Marion, McDuffie, Meriwether, Miller, Mitchell, Monroe, Montgomery, Muscogee, Peach, Pierce, Pike, Pulaski, Quitman, Randolph, Richmond, Schley, Screven, Seminole, Stewart, Sumter, Talbot, Tattnall, Taylor, Telfair, Terrell, Thomas, Tift, Toombs, Treutlen, Troup, Turner, Twiggs, Upson, Ware, Warren, Washington, Wayne, Webster, Wheeler, Wilcox, Wilkinson, WorthHawaii: the entire stateLouisiana: Parishes of Acadia, Allen, Ascension, Avoyelles, Beauregard, Calcasieu, Catahoula, Concordia, East Baton Rouge, East Feliciana, Evangeline, Iberville, Jefferson Davis, Jefferson, Livingston, Pointe Coupee, Rapides, St.

If the house cash flows, and once you establish stable rental income it should not be an issue. 

Welcome William, wish you the best of luck feel free to reach out and contact me, we can always talk shop over coffee. 

Who knows, maybe it could be an undiscovered market.

Would enjoy grabbing coffee and hearing how your search has been.  

It will likely never be an issue for you.Multiply the scenarios out to a 100 unit apartment complex - and, more often than not, something that the seller said is not correct, and tenant estoppel's help to uncover problems before the seller is gone and out of the equation.

This coffee shop asked us if we had any residential space available for rent.