And how much did you spend in the rehab?

Then I'm looking at the active comps in the area as well as what the market in that location has done over the past month.

Hi @Brendan Jones I moved to Nashville in late 2021 to begin my homeownership and investing career, buying a primary residence, house-hacking it, and transitioning to a long-term rental once I bought my next property (also in Nashville) so would be happy to share my experiences.There is a lot of interest in STRs in the Nashville Metro area, but the zoning has become increasingly strict over the years.

I realize alot of investors have absolutely no asset protection ie LLCs for their properties and have been told by a couple of attorneys that im over thinking and perhaps paranoid of being sued, california as well as the entire US is known for excessive litigation.

Most of the lenders I work with (provided you have experience and a credit score over 660) would do up to 85% of the purchase price and up to 100% of the rehab costs, provided this doesn't exceed 75% of the ARV.As for the idea of selling the land, great idea.

If your time is worth $500 an hour I would spend the 5k on 10 hours of searching for a free mentor.

For almost $100k a lot you want a pretty high NOI to make sense of it, like over $300k IMO I agree.

I will check the market daily over the next few weeks

Hard Money finance, with about $5k of my own funds going into some over-budget costs.

I just do all my bookings over airbnb, its too risky to go direct as the guests aren't covered by airbnb insurance.