Short vs Medium-Term Rentals in Nashvill, TN

[Cameron Goedde]

Hey all - i live in Nashville, TN and am ready to buy my first rental property. Looking at both short and medium term options and I wanted to see if anyone would be willing to provide any insight on one vs the other. We're limited with NOO STR's, so if I go that route it'll likely have to be a condo. Medium term opens up my property options. Any comments are appreciated!

Thanks!

Cam 

[David Goodman]

Quote from @Cameron Goedde:

Hey all - i live in Nashville, TN and am ready to buy my first rental property. Looking at both short and medium term options and I wanted to see if anyone would be willing to provide any insight on one vs the other. We're limited with NOO STR's, so if I go that route it'll likely have to be a condo. Medium term opens up my property options. Any comments are appreciated!

Thanks!

Cam 

For NOO STR we'll need to make sure that you are purchasing in the correct zone to be eligible. A 1 bed room studio in a good area that is NOO STR eligible starts off at $600k. https://dlgoodmanproperties.id...

In Davidson County a Short term rental is any rental agreement less than 30 days. So if you your rental agreement is longer than 30 days, no special zoning qualifications are needed! There is a huge market for travel nurses here that I'd suggest looking into.