You should talk to a few bankers about options.

I can understand not wanting to relinquish control for a profitable property.

Hi John- they seem to be in a tough spot related to the Synapse Financial bankruptcy- they've essentially suspended operations and are trying to sort through the mess.

Glad to have you on the forum, Tyler! 

My partner is an experienced home builder with 40 years of experience, however we recently moved to TN and he is not interested in getting his TN GC license.

No, I put 65,000 but its probably worth 140,000 I'm trying to get a HELOC to do some renovations, then rent it out in April.

I think it's pretty clear it disincentivizes new construction or encourages landlords to find ways around it.However, I do believe we could do better in areas for encouraging new construction with zoning reform and other tax incentives.

It had been a bit and the fire marshal went in to that property (prior to it closing) and made a list. 

Would love to get some feedback from locals or current investors. 

Best to do this properly and ignore the people who say not to advertise this.