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. 

Additionally, they affirm the ability to engage with your own qualified vendors who possess the necessary licenses and insurance.

Quote from @Kadia Lawrence: I won't accept new renters with section 8 because HUD delays are ridiculous and result in additional loss of income.

It can be smart to hire in-laws from a tax standpoint if there is not additional tax burden on your in-laws.

I would appreciate your time if you could share your your insight, assessment of this area as an investment opportunity. 

Appreciate any insight into the matter, if I can make it work it'll be a phenomenal property in extremely desirable lake location.

Additionally I get price drop update emails as well.Best of luck!

Goodmorning BP family- I have added an additional single family house to my portfolio so I am now house hacking two homes.

I was excited because the basement needed an egress window and I was viewing it as a potential additional room and house hack and future rental possibility. 

Thanks again for the insight @Drew Fein!