The one next to the daughter's is owned by a lady and she just listed the big 4-plex at 3202 Bloomingdale Villas Ct.

Good Evening Ladies & Gentlemen, I am a brand new to this multifamily investing.

Like they said, everything really depends on your fico, debt to income, the loan to value and type of loan (Conforming vs Non-Qm), the fees and rates can vary wildly.

@Jon Gorham that is wild!

I let a lady and her 3 dogs stay for half the nightly rate and she gave me a 4.....for value.... she got a lake house for $99 a night.

There was a brand new construction going on last year also a duplex with same lot size as mine right next to my house and I was making a wild guess it will be on sale for 1.4 mil soon but it’s on sale today but they are selling by condos at almost 900k per unit and they don’t even have a car garage that I have.

Just like with sales, it can sometimes be accurate but it can also be wildly inaccurate.

Choose a theme, for instance Texas, wild west, etc....get some ropes/spurs/cowboy hat/etc.

Whatever you buy is probably not going to double in value over 5 years as we had WILD appreciation last year, but long term I am very bullish on Middle TN due to everything we have going for us over here. 

The lady said I can build whatever I want on the land.