It puts this property considerably above the top of the market, would that really make sense for a rental property? 

A neighboring property, similar to my current rental property, is now on the market at the same price I paid two years ago, with comparable rent.

I would greatly appreciate any tips/knowledge any of you would share with me to help me reach my goals!

I am a newbie at this particular strategy, so any tips, hacks, insight, or advice you can give would be greatly appreciated! 

But I have read many topics on here, many investors facing difficulties with BRRRR now as the market is “not right” which make me have to think again about this strategy. (70% rule still working for this market?)

You would buy there to live or if you just want to own property in the best location possible....Overall, the long term rental game is rather difficult in the middle TN market right now, especially in the Nashville area.

I am not sure how the owner occupancy requirement of the JADU impacts value, but is will impact value as there are many RE investors who do not want to owner occupy.You should be able to determine the value by calculating NOI and knowing the market cap rate.  

They may be able to transfer title to LLC after closing, but it will be best to check with your lender if there are any restrictions to do so prior to that lender selling that loan in the secondary market. 

Unfortunately, certain markets are much more difficult to evict than others.Going forward, I would try to set clear expectations with your residents, and when they violate one, they need to be held to account. 

We're looking to convert our current home into a rental with the option to purchase.Would anyone happen to have any thoughts, tips, recommendations on structuring a lease option?