Hey,My partners and I are getting close to purchasing our first investment property.

The initial goal is immediate cashflow that will quickly increase as we fix-up and/or lease up the properties.

What are the property taxes like?

Hi @Christopher Crooks - I'm not in TN, but manage 3 STR properties remotely. 

On a broader scale, if anything is in my name then if you p*ss off the government or anything like that they can take seize any and all your property in your name. 

In my area properties are moving if done well.

@Anna Tanner I am in Winchester and have some properties near Billerica.

Purchase price: $630,000 Cash invested: $30,000 I was selling another property and used the 1031 exchange fund to put down the downpayment for this property, and it was cash-flowing from day one.

There is a lender willing to refi cash out the property right know, should I take this lender offer, or would it be better to go to a local Credit Union or Bank and have them run the numbers?

(Note that this is the typical arrangement for Airbnb rentals and other temporary rental-type properties.)Rental property used on a transient basis is depreciated over a 39-year period, not over 27.5-years as is the case with longer-term residential rental property (LTR).