Needless to say, I wasn't interested in this type of event so I left mid-presentation.

I want to own all of the property to include the land, and maybe I do not fully understand what I was researching on that topic.

They include Comfort Inn, Country Inn, Extended Stay Suites, 2x Holiday Inns and Candlewood.Here's the total view of employers based on my research so far:- Hospitals and Healthcare Facilities: Some search results mention the high demand for traveling nurse housing in Cookeville, indicating that local hospitals and healthcare providers are a major source of furnished rental needs.- Manufacturing Companies: The City-Data forum post lists several major manufacturing employers in Cookeville, such as Fleetguard, Ficosa, and Tenneco.

If I had been more aware of/presented as an option a furnished rental when I was 20-30 years old, I definitely would have taken it. 

Your time calculations are also light - you spent more than 5 minutes calculating renewal terms, presenting them to the tenant, drafting and having a lease addendum signed, traveling there, changing the air filter and doing an inspection.

With regard to the "contractor agreement" you mentioned, I would absolutely get it in writing from the contractor exactly what work will be carried out, when it will be carried out and what is included for the agreed upon price. 

This includes restrictions on property use, rental regulations, and any upcoming changes in the area that might affect your investment.Patience Is Truly a Virtue:Real estate investing is not a get-rich-quick scheme.

If your long term goals include investing, this is a great opportunity to start, with a property you already own.

These are great ways to present a property to influence a favorable appraisal.

Add 3 more months of monthly expenses ( including utilities, insurance etc) to cover the vacancy of potentially distressed property.