I'm more interested in investing in/self managing STR properties (Smoky Mountains, etc.) than I am dealing with LTR properties, but I also don't want to shoot myself in the foot and give up something that could see a higher rate of ROI if I just hold onto it for the next couple of years...Anyone have a crystal ball that they care to look into to see if Nashville will be hit with that real estate bubble bursting anytime soon?  

Hi Tricia, I highly recommend Jen Ball with HUNT.

It’s a whole different ball game.

Or take Russels advice and grab him by the balls and set the price that's competitive and get a tenant lined up. 

I don't want to insult him with a low-ball offer, because he seems like the only reason he is giving me the opportunity is because he likes me and we connected. 

Multi-Family is an entire different ball game than single family flips.

thats why these slim balls do this.. just for this exact reason. 

Just to give you a ball park: seasoned investors plan for 40-50% of gross potential rents to cover operating expenses and vacancy. 

Hopefully they will do their best to identify all the issues but it's impossible to know everything without ripping the property apart.You can have a General contractor walk the property with you (probably going to cost you for his/her time) and have them spit ball an estimate but, again, that's based off just what you can see.The only way to not pay someone is to learn how to effectively do it yourself. 

What is the best way to buy this house.....1.cash-no money to do repairs and refinancing.......2.5yr construction loan 10% down on $81000 (with estimated unofficial repairs included with price of house) and refinance to 30yr fix.3.Do you all know of any lenders that can help us in this situation, or any private lenders that are willing to refinance.The Home Ownership Ball is Rolling now.......Help Me BP