@Corbin HiblerYou can check with the city to see if they have programs where it gets rolled into the tax bill.

You are causing a $125k tax bill by not selling this property as your primary.

While the rest of y'all are leading this guy down ALL the wrong paths.But yeah - as Turbo Tax says - All people are tax people.

You want to make sure the mechanicals are all new and that the taxes have been reassessed and are valid.

We are choosing new build because A) our family 4 has a certain size demand B)  the price-quality ratio doesn't seem to make sense when considering a preexisting home C) with interest rates being at near 8% with preexisting homes, builders are offering 5.99% interest rates and the exact home we are looking at is about $75K discounted because it's a spec home and the builder doesn't want to pay taxes on it.So, live in it for 5-6 years hopefully rent it out with a fully finished basement for potentially $4,200 in 5-6 years.

Feel free to reach out if you have any additional questions!

Low taxes, landlord friendly, above average appreciation, and limited new construction.

For those that don't know, TN recently changed the way the franchise tax is calculated. 

I prefer multi family for cashflow but single family works well for long term holdings and tax benefits.

I'm looking to connect with a financial advisor who might be willing to answer some questions about my prospects with a one-year credit history, the tax implications I should be aware of, and so on.