I believe there is a fee to operate a business in Tennessee but would it be worth it to protect myself? 

., $100-$150/month is dirt cheap depending on what you are looking for.

Downtown Tampa is the business hub and you cannot go wrong if your looking to get a job and be in the mix.

Eager real estate invester

Some of this may be dependent on what type of group home you rent to.

As Michael mentioned, there are multiple strategies that you could potentially benefit from but it's totally dependent on the tax payer and their portfolio. 

Well it depends.

Since interest rates went up, hard to find cash flowing deals so I had to learn the terms business.

I'm eager to kickstart my business, but I could use some direction on where to begin.

From my research the template seems to be a packet including: Developer Credentials Personal Statement (Available Upon Request) List of RE Owned Current Property packet with Pro-Forma, Rent Roll, Comps, Budget, Projected Returns - similar to an OM on most CRE packets.This was a good guide, Commercial real estate finance: A basic guide for an effective loan request package - Buffalo Business First (bizjournals.com)Commercial real estate finance: A basic guide for an effective loan request package - Buffalo Business First (bizjournals.com)