There are benefits and drawbacks to a high vacancy rate in the rental market.

You will need these for the 1099.I highly suggest that you obtain some kind of documentation of any work done. 

Local College and Student Demand: Considering the proximity to local colleges, have you noticed a high demand for student housing?

Hi Christopher, I'm a realtor in the area and I thought I'd run some numbers for you just to get a better picture of the risk/reward of a LTR vs STR.Currently netting $250 a month on the LTRIf you rented it as a STR on a nightly basis for $135 with an expected estimated vacancy of 56% (average for the area) that's a gross income of $21,681 less your mortgage $17,400 and less expenses such as water electric and internet of an estimated $4200 puts your annual net at $81.To make the STR profitable for the additional work you'd have to rent it for more than $135 a night and for more nights than the Nashville average of 44% occupancy. 

My background is in building, with a degree from TAMU in Construction Science, and I'm currently a project manager overseeing new construction and remodeling of high end custom homes in Houston.

Hey Mitchell, Doing a fix and flip in today's market with high-interest rates can be challenging, but it isn't necessarily a bad idea.

The contractor has to live in the Bay Area, so their cost of living is just as high as the client's.I was daydreaming about dropshipping contractors into CA.

Super easy to do.Should I hang them on the side of the house up high or put them on the ground down low?

If your property was in a downtown high rise, walking distance to the Action then you would have a demographic willing to pay for it.  

Take that money and buy RE in other growing markets, stocks, bonds, index funds, high yield savings, or probably a combination of it all.