Multi-Family Buy and Hold - New to the market
Greetings Everyone - We're in the process strategizing our relo to Nashville. As investors we have focused on Live-n-Flips and Buy-and-Hold investments. In my research I've seen a ton of action around HPRs. Not sure we want to get into that product without a development team in place which we don't yet have. I'd like to look at multi-family to hold for income property. We're coming from South Florida where there is a lot of this product.
That's the context, here's the question for the community:
What's the market availability for multi-family product from duplexes to quads in the outlying suburbs of Nashville. Common or minimal? Typically in need of deferred maintenance? And an associated question, in TN does multi-family larger than 4 doors become commercial vs residential?
TIA!