I am trying to figure out how I can find a contractor or inspector that I can trust to view and walkthrough potential investment properties and would give me honest estimates, etc.

I also love it here.It will cost $100,000 and we will finance half with a personal loan @ 7% for 3 years.So im putting 50,000 in cash and I expect to earn about $2,000/month.

A lot of investors have been drawn to the Midwestern markets due to the low cost of entry and a lot of the markets being landlord friendly as well.

2) Generally, what's the cost for replacing the entire thing?

Severe settlement issues were later found, making repairs unfeasible. o avoid delays and extra costs, we quickly sold the property to another investor.

Hi Christopher, I'm a realtor in the area and I thought I'd run some numbers for you just to get a better picture of the risk/reward of a LTR vs STR.Currently netting $250 a month on the LTRIf you rented it as a STR on a nightly basis for $135 with an expected estimated vacancy of 56% (average for the area) that's a gross income of $21,681 less your mortgage $17,400 and less expenses such as water electric and internet of an estimated $4200 puts your annual net at $81.To make the STR profitable for the additional work you'd have to rent it for more than $135 a night and for more nights than the Nashville average of 44% occupancy. 

However, just before work was scheduled to start, the foundation company informed us of severe, uncontrollable settlement issues that made repairs unfeasible.Given the significant delays and additional costs this would entail, we made a quick decision to sell the property to another investor.

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

I received a quote from Foremost which is almost half the cost.

Our approach required no renovation investment, highlighting Partner Driven's ability to maximize returns with minimal costs.