Buyer had offered a 5 year carry at 3%, after I balked he made a minor adjustment to annually adjusted rates peaking at 5%, and then I countered with a 3 year term at annually adjusted rates of 3%, 6%, 9%.

I believe its a perfect opportunity for all parties involved, but when I ran the #s using the Wholesaling Calculator, I am a bit worried by what I must offer Matt in order to get under contract and earn what I want.  

Thanks.Claim it in the month you accept it.I also recommend you not spend it until you've earned it.

Decided to sell the property while the appreciation and the market value was at its peak.

For the first several years, financing was limited to conventional means, whereby you would have to settle for qualifying for a traditional home mortgage, or non-QM “2nd Home” mortgage, qualifying through your own personal income and DTI.The ProblemThis type of financing makes it incredibly hard to scale, as without being able to count significant STR income to your bottom line, banks would judge you unqualified to add properties and mortgage debt because your W2 or long-term market rent (typically half of what you earn on an STR) was too “low.”

Just out of curiosity and not challenging what your assessment of the uniqueness of the property, I'd like to know how the potential of it being unique earns more than having more sq ft to charge for?

For example, if you only put 25% down on a property that means you are earning an APR of 8% (100%/25%*2%) all of which increases the equity you own in the property.Illogical Tax Benefits – In order to attract investors to continue to invest in Real Estate the government has created a very tax friendly environment for real estate investors.

I am not a CPA but In RI you pay taxes on income earned in the state regardless of where you live and there is foreign LLC fee. 

We use Mid South Home Rentals in Arlington, Chris Peak, manager.If you're going to setup a Tennessee LLC to hold then getting a registered agent there is also important for taxes, cost around $200 per year.You can contact us if more information is wanted.Good luck

South Shore and Hermosa have definitely peaked my interest as well.