That leaves many new home buyers to go to find older homes which are less supply right now.

Make sure you consider all the extra expenses that str properties have:third party software, supplies, county taxes and business licenses, utilities, internet, etc.and run the numbers to estimate what your cash flow will be in the high season and low season.  

Suggest talking to a commercial mortgage broker and a regular residential broker and see how each stack up.

That represents an increase of 10.3 percent;-Total dollar volume for full-year 2021 rose 28.2 percent to a record-setting $40 billion;-December single-family home sales declined 4.5 percent year-over-year with 9,272 units sold;-Total December property sales fell 1.9 percent to 11,432 units;-Total dollar volume for December rose 12.4 percent to $4.3 billion;-At $319,000, the single-family home median price rose 17.2 percent to an all-time high;-The single-family home average price climbed 13.5 percent to the second highest in history, $392,449;-Single-family homes months of inventory narrowed to a 1.4-months supply;-Townhome/condominium sales ended a strong year with a 21.5 percent year-over-year jump in volume, the average price up 13.8 percent to $258,139 and the median price up 20.9 percent to $220,000;-Leases of single-family homes rose 5.9 percent with average rent up 7.5 percent to $2,042;-Leases of townhomes/condominiums fell 23.0 percent with average rent up 5.5 percent to $1,731.

If they did then ask them to supply that.

I forgot to mention that I have family in the Nashville area so I wouldn’t mind coming back to check on this property regularly. 

Hey all, I'm just getting back into regularly analyzing deals.

How small of a supply?

It’s not finished so pulling a regular loan could be difficult, plus the owner is giving me a good deal if I give him all cash.

My response is that I would want a lease for the term of the solar panel lease which will incorporate the cost of the panels and regular increases every years.