There's also Jefferson City which is just east of knoxville that has some upside too. college town near a lake which gives some upside for students or short term rentals depending on what you like to do. 

What are the loan terms?  

I am currently looking at buying a new construction home as a long term rental property. sales price $214000. first my lender told me I can do 0 down. and I am really excited about this deal. but later he told me that am not qualified for 0 down because of my income. the other option is that I can do fha with 3.5% down, 6.125% interest rate. cash to close is $14000. my monthly payment is around $1575-$1590.it can at least rent for $1700 as a long term rental property.

It’s my understanding that a trust account not required for a short term rentals nor is a real estate license actually required for managing short-term rentals.

You need to find a good Property Management company to keep you're place rented for seasonal rentals or long term rentals.  

You'd only need to bring the difference between the balance on his loan and what you agree to purchase the property for and your share of closing costs.The term is "Subject to" which is short for Subject To Existing Liens, Deed of Trust, etc.

FYI we've changed our approach entirely and have lower fee initial entry points to avoid the challenges of long term project based arrangements so we can catch issues much sooner.

If the buyer's strategy is to hold long term, and they are getting favorable interest or payment terms, and the value supports, offering more than ask isn't necessarily a bad thing for them.

My name is Julianna and I’m located in Houston tx and im in need of some guidance finding leads for any investors or Airbnb properties that need help designing their short term rentals.

., so even if list price, cash is offered, another term might not work, so likely no way to hold a seller to sell until they actually sign an offer.