hey @Sushil GuptaI have been investing OOS in HSV for the past 7-8 yrs. 

Quote from @Ruth Schrader-Grace: If I sell my primary I know there will be capital gains after 30 yrs of ownership.

M&A licensed and 18 yrs experience in the both industries. 

((Profit over X yrs - Cost of Investment) / Cost of Investment) x 100%For example: (($1750/mo or $21,000/yr in net-rent for 5 yrs = $105,000... minus $35,000 rehab) / $35,000) x 100% = 200% total ROI or a 24.57% per year, compounded ROI over 5 yrs.Does 24.57% annually beat out other uses for your money?

Insurance will also be higher for homes >50 yrs so don't forget about that. 

Right now I would not count on appreciation on TN side for 5 yrs but there are some 6x to 8x properties if you offer right.4.

Quote from @Joe Doucette: I’ve been investing for 12 yrs with single family homes.

There has been no distributions for 2 yrs.

Quote from @Christopher Rubio: Quote from @Eric Gerakos: Started 25 yrs ago by buying fewer but better properties where renter demand was high.

This changes the game.Example: Studio Unit (fully furnished, permits, foundation included)1) Market Rate, No IncentiveBuild cost: $200–225K | Market rents today: $1,500–$2,000/mo | NOI: $12.6K–16.8K/yr | Yield: ~6–8% | Payback: 12–18 yrsSolid, but long payback and moderate yield.2) With Charlotte’s $80K Forgivable IncentiveEffective basis: $120–145K | Program rent cap (8 yrs): ~$1,100/mo → NOI ≈ $9.2K/yr | Yield during affordability: 6–8% | Forgiveness adds ~$10K/yr “earned income” | Payback to recover gross cost: ~11–13 yrsThe subsidy de-risks the deal—guaranteed inflows cover build cost faster.3) After 8 Years (rent cap lifts, market rents w/ 3% compounding)$1,500 today → $1,900 | $1,750 today → $2,217 | $2,000 today → $2,534Year-9 ROE after incentive: $200K build / $120K net basis → 13–18% | $225K build / $145K net basis → 11–15%You exit affordability with a permanently lower cost basis and market-rate income.