The vast majority of the time, vetting protocols such as background and credit checks work for procuring reliable tenants.

Purchase Price $241,000Rehab Costs  $296,400Appraisal: Sales $560,000Income Approach $666,188Cost Approach $602,005  I do feel the sales approach is super low for this market since everything has been rehabbed it will give me a big chunk of my money back. 

I don’t know what are benefits to this approach other than perhaps a safety net to learn about owning property and managing rentals.

Armed with a better understanding of the economics behind flipping houses, entrepreneurs and investors can better approach these opportunities.

How would I approach this with a lender and what is the terminology used for this type of loan? 

I have did a title search on the property and it does appear it has switched hands to a private party in OctoberAfter I approached the, "Assignor," I informed them that I had cash, and would like to move forward with purchasing the property; however, it seems like he is dragging his feet.

You never know what's going to pop up but with that being said you could take a "wing it" approach and it could work out and Jumpstart the process but generally I'd say yes, save.

If there are, I would love to connect with you and hear about your approach and methods (if you are willing to share) 

Hello everyone! Long time listener, first time poster :D My husband and I assumed management of my father-in-laws rental property portfolio a few years ago and have since been working hard to educate ourselves, bring ...

There has been new regulation voted on in the earlier part of 2021 that will phase out new permitting for owners of these RM zoned properties throughout Nashville starting on Jan. 1, 2022.If you purchase a property in this zoning, close, and apply for your permit prior to Jan. 1, 2022 then you will be grandfathered in on this zoning and your STR permit as long as you keep your permit active with a yearly renewal fee (currently $320 with a credit card).However, if you purchase a property in Nashville that is currently an STR at a current income-based appraisal approach in these zonings it is important to know that you will more than likely not be able to resell this property to anyone else under this appraisal approach and could greatly affect your long term plans of these types of properties.I have had several other realtors, investors, developers speak with me recently with the solution that they could simply put the property into an LLC and then sell the whole LLC in order to skirt around this new regulation.