Bonus question: Should I execute the leases under the business name and tenant’s name, or should the leases be in my personal name and the tenant’s name, considering the loan is in my name?

Hey Alexander, I manage over 100 STR properties and I'm a real estate broker in California.

They could positive cashflow and i believe there should be good rental demand from student population but i am not sure about the scope of appreciation in the area.

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Welcome to TN, the water is warm. 

This client faced similar hurdles with unpermitted changes, and having the right contractor made all the difference.

@Justin Boyd just saw the location on this, I'm somewhat familiar with that market, we do quite a few retail deals in CLE and the surrounding areas, I'd be happy to give you an opinion on the site if its helpful.  

I have the rental properties insured with a variety of lenders and no issues with putting all of them under the umbrella policy.

The rent is calculated from the zillow estimates.

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