Like everywhere, the market is drying up in Nashville and is getting very competitive.

They were called Dry Creek Land Co.

Austin will need to be on the note so he can buy and sell the house without the company he is a realtor for taking a commission, he will recieve 1/3rd of profits but no additional commision.The hard part for me is that both of thier parts are very cut and dry, one is a realtor, the other is the money man.

Another surprise is that some "mortgage loan specialists" are so "busy" that they don't call back and others act surprised to be getting a call.I also heard from various mortgage brokers that the commercial type loans that were common a few years ago have dried out.

If it's plywood and it's been leaking, there's a good chance the subfloor needs to be replaced because of dry rot.

I know I am now moving to flipping as the best priced homes which make great rentals are drying up. 

Perhaps you were attempting a WHOLESALE deal, but regardless, dry run your first purchase with RE agent representation to learn the ropes. 

If you don't have a professional property manager hired, you can probably expect to pay about 10% of your gross rents for vacancy while looking for a new tenant or might need to make repairs from the last tenant)10% of gross rents for water, sewer, trash, and snow removal (even if you're not running on city water, you still should be budgeting money accordingly for water because at some point, the pump in your drilled well is going to give out and you'll be left high and dry unless you have the money to fix it. 

But please, make sure you allow for: what happens IF your "nice income" were to suddenly dry up!

If there’s wood siding, is it in good shape or is there dry rot?