Look at DSCR loans for more competitive terms.

I don't work in Nashville area but $165 per sq ft seems quite low to me.In terms of financing, I would speak with a few construction lenders and also hard money lenders.

Hi @Stephanie Medina, I suggest you go for it with your current LTR and make it a short term.

I am considering in investing in Single-Family/Multi-Family mid-term and long-term rentals.

Even though your PMA expires in two months, you may be able to terminate earlier if the agreement allows.Follow the Terms: Send a written notice of termination as specified in the PMA.

Understand your short term and long term goals.

Although whichever option you go with make sure you're also thinking about the long-term property value and what makes the most sense vs trying different angles now that negatively impact future resale/property values down the line. 

What are the terms of the lease?

I live in California (Central Coast) and have built a 12-door portfolio in Detroit, which has been a great market for both cash flow and long-term potential.Detroit still offers properties well below the $150k mark, with strong rent-to-price ratios and a market that’s seeing growth in key areas.

Quote from @Hansen Tong: Hi Everyone looking for a CPA in CA that understands cost segregation, offsetting of w2 income through active short term rental partcipation etc.