This has been a fantastic thread so far.  2 things I would love to get answers/opinions on.1. 

FHA is a fantastic program and helps a lot of investors get their start.

It probably makes sense to sit down with someone who has achieved what you are looking to do and go over the various methods, risks, and concerns you have.

Fantastic story, and all true.

Some landlords will push that and your local government should provide methods for auditing.A flat fee system is perfectly legal if written as such in your lease and it doesn't matter if the collections exceed the costs.  

I am very interested in getting a few properties using the BRRRR method.  

Nashville's a fantastic town, but @Avery Carl is right - it's a very high risk market right now, with a high entry cost.  

@Mike CumbieThis makes complete sense and if the appraiser would have used the square foot method it would have appraiser 10% higher but they used the per unit method, comparing all 2 unit properties regardless of size and only made minor adjustments

hello stone thanks for your reply... yes appreciation economy wise, I see the properties are growing in value a bit but I'm not really referring to STR's, I'm more looking into the buy and hold method. thanks again 

The BRRRR method will dead end you quickly.In any case, do you know how much you have to work with in cash?