I manage around 400 rentals with 14 years of experience and have never been sued once.

Not exactly the same area, but there are a lot of parallels to owning and managing in both locations.

They are managed by those brands.Running an STR business is an active business.

Any solid recos for property managers in Madison, TN?

Short-Term Commitment: You're involved in the property for a shorter duration (typically months to a year), which can mean less exposure to market fluctuations but requires intensive management during renovations.3.

For example, now incur 3 months of carrying costs and then have to sell for $20k less those extra costs are your damages that you could claim against the seller.

How much does it cost? 

Find Investment OpportunitiesMarket Research: Analyze local real estate market trends, property prices, rental yields, and potential for appreciation.Network: Build relationships with real estate agents, investors, wholesalers, and property managers who can provide leads and insights.Due Diligence: Conduct thorough inspections, financial analysis, and feasibility studies before making a purchase.6.

Each option has its pros and cons, and I'm hoping to get some insights from this community to make a more informed decision.Option 1: Building an ADUPros:Increased Property Value: An ADU can significantly increase the value of my primary residence.Control and Proximity: I can closely manage and maintain the property since it's on my land.Potential for Higher Rent: ADUs in bay area can fetch a good rental price.Flexible Use: ADUs can serve multiple purposes – home office, guest house, or rental unit.No Additional Land Purchase: Utilizing existing property means no extra cost for land acquisition.Foundation improvements: I will get an upgrade for my foundation which increase house stability.

Particularly in a college town there are a lot of opportunistic property investors and low quality property managers.