If you have to pay a little higher price, this may be offset somewhat by the huge impact this area has to grow with the new additions to the Mercedes Plant in Vance Alabama.

You the one who will enjoy it or suffer from it at the end of the day.

I start my answer with data to share that the area is still suffering.  

Mid July is one of the worst times to plant grass.

AND WHERE YOU AREDavidson County (Nashville proper) has a lower construction cost than it's immediate neighboring county of Williamson which is the most expensive real estate in Middle Tennessee.As Luka stated finding SKILLED labor is difficult at the moment because Nashville and Middle Tennessee never suffered from the down turn.If you are looking to invest... look to the counties in the western portions of the State (Gibson, Tipton, Weakly, Obion etc) or the western reaches of middle Tennessee (Dickson, Benton, Montgomery Cheatham etc) 

If i become  a landlord again it will be becasue my spec homes did not sell and i was forced to turn them into rentals. but as long as i can borrow construction money and make on one house what 10 years of cash flow would bring me at a fully levered rental i will do that and suffer the tax consequences.  

Now, here in Texas, we don't really suffer from bubbles. 

@Amalia Auge1. multi family units all over, in the city or not all can suffer from not having split utilities.

If rents are in a downward trend, then your property might suffer from declining rents as well.

How am I or anyone else supposed to know that you're not just another plant to reinforce the Renatus construct?