A 5.7% cap for a class B or C facility is a strong ask in the market. 

Expensive, high property taxes, cumbersome govt oversight, and a strong bias against landlords. 

I would consider speaking with a good insurance provider for a strong policy in addition to an umbrella policy.

investors that just got in the game post 2009  were spoiled in thinking that everything had to cash flow with minimum down and cash flow positive a lot.. when in reality in a strong market with good demand safe secure properties  minimum down break even is a great out come and many times a little bit negative while you wait for rents to inch up. .you make your money in appreciation and tax write offs and your tenant paying your mortgage for you.. 

I invest in Nashville myself and do have a lot of clients investing here still because even though the cashflow isn't that strong, the projected (and current) job growth and property appreciation is a draw for those looking to sit on a property and let it appreciate.

I post a lot on industrial, but for beginners I recommend anything that has strong tenants and high occupancy.

When my grandmother asked what the offers were the realtor said she couldn’t say but my grandmother needed to make a strong offer.

It is a huge boost for anyone who makes a lot of money, but does not have strong credit.

So if you don't have a solution that is fine, I just thought you might since you had such a strong opinion on it. 

I purchased a 1 million dollar property on a similar income level, but the property demonstrated good value, significant upside and strong comps/rents to support.