The idea is to own enough rental property to support me when I need the extra help, fund my retirement, keep my parents healthy, and take care of my possible future family.

The tenants of that property didn't seem to take good care of the property, so that kind of questioned the type of tenants we would attract in the area. 

Derek, You need to hire a Property Manager as soon as possible, the ROI restrictions will hurt more by neglect and vacancy than by paying a PM to take care of these things for you.

Several major health care corporations have moved their headquarters to Nashville.

It has been very well taken care with the major nuts and bolts like the windows, roof etc being in good condition currently but it was basically treated as "if it's renting and not broke don't fix it". 

:)Take care,Rob

I will evaluate carefully.

@Nancy Pults....ok..... so when the PM took over managing that property, they didn't pay attention to who was in it?

I strongly believe that carefully vetted commercial MF syndication is a good investment vehicle due to many many reasons (professionally managed, more passive, economy of scale due to large units, spread of risk due to multiple partners, and all the goods of Commercial MF like forced appreciation through value add, not only to mention all the tax benefits)...

Are hard lenders care about profits of building over d2i and personal credit scores?