My family was an investor in a Corporate Housing designated complex and it turned out to be very profitable.

We gutted the interior down to the cinder blocks, re-designed the unit layout to fit a more modern lifestyle.

Expertise and Experience: Property managers have specialized knowledge in managing properties, including understanding local market trends, legal requirements, and tenant relations.

I will offer this suggestion, If you can secure long-term tenants post-leaseback and consider future value-add improvements, the property could yield even greater returns.Also, keep a close eye on commercial real estate trends in Middle Tennessee, especially given the area’s growth.

Unfortunately, we live in California so we would have to pay significant capital gains if we sell.Hi Scott, depending on the property and if you’re willing to invest in quality interior design, you could make more money as an STR.

If you're okay with not having any of those, then hey, they're an amazing free option that your tenants will like.Landlord Software:  Software and platforms designed specifically for landlords and typically have more than just rent collection.-  Pro's:  Additional functionalities, such as tracking maintenance, automated bookkeeping, screening reports, etc. 

Yes I have answered this numerous times on other threads, but bullet points:1 - If you are considering a PM, now would be the time to hire as you can lean on them most likely.2 - Look for designers in the area. 

One metric they provide is new construction sales, which I can use to calculate % of total sales and see whether that value is trending up or down.My question is, in general is a market more or less desirable if there are a lot of new builds hitting the area? 

I do not want to use a will or trust to designate inheritance after my death. 

It's user friendly, with a modern design.