Hi All,Can anyone who's gone through the Davidson County, TN Owner-Occupied STR permit application process tell me how long it usually takes to get approved? 

I understand that this money is borrowed money, so I dont want to have it locked in a deal for a long time and pay the interest payments.

That’s a long vacancy.

@Claudio Garcia Zuniga, there are so many aspects that I can highlight, but long story short, renting the home will be way less of a hassle than rent-by-the-room; however, your return will not be as significant.

A comprehensive financial plan should consider both debt repayment and investment strategies for long-term financial health.Thank you!

Long term owner occupied?

It could be any side-hustle you want just as long as you like it and your able to save some extra $$$.2.

And you can combine different exchanges from different owners as long as each exchanger is purchasing a tenant in common % of the new property that is at least as much as they sold.But you cannot 1031 a primary residence. 

DC is one of the lowest cap rates in the country.If you have a long time horizon, and have patience, with the areas strong rent growth you can end up with more cash flow here than a high cap rate market.

Assuming that no debt is involved, Is paying that cost necessarily better than paying the tax on your long term capital gain in the property?