Not a terrible investment but that's assuming you believe all of their numbers and can obtain the financing they are talking about.

The market has not quite rose here like it has in other Nashville suburbs yet, but from my research and talking to other people I believe it will take off here soon.

If whomever stays can't afford the rent, I'd talk to them and try to come to a reasonable agreement.

Over the last 6 months we have been talking more and more about diversifying in real estate, and the safest and most obvious way for us to jump in is to access our equity through a refi.

Almost everyone talks about making money in real estate and only those who take action make that a reality.

(https://www.biggerpockets.com/forums/88/topics/485...)Here is some helpful link from BP that might help you, but personally I would talk to a lawyer/Attorney to make any final decision(s) that way you do things right and you don't loose money....https://www.biggerpockets.com/renewsblog/2015/09/2...https://www.biggerpockets.com/renewsblog/1031-exch...https://www.biggerpockets.com/renewsblog/2015/12/1...

I started to talk to the county to inquire about the zoning regulations/process but haven't heard any concrete information yet, still in process. 

They'll talk to neighbors.

I find it hard to find reliable real estate information from friends: many do not care so much about real estate, and those who did had relatively dated information (telling me to buy in Austin TX or Phoenix AZ after the appreciation had come).Sales people cannot give you impartial advise indeed, so you have to skip the sales talk and look at what impartial sources tell you.

I have had many of my investor friends talk to me about the monthly tax sales at the courthouse in Lake County.