The deeper due diligence you mentioned is also something I’m trying to learn more about so I can be prepared before stepping into my first commercial acquisition.Since you work with residential investors making this transition, I’d definitely be interested in hearing any additional advice you have or resources you recommend for someone preparing to move into multifamily or commercial deals.

Independently I also own 20 additional units.

For rentals, the building usually drives the income — not the land size.A larger lot can have some upsides like future expansion potential, more privacy for tenants, or space for additional parking or an ADU if zoning allows.

I instantly think this maybe a good way to make additional cash flow.

In addition to BP, you may also consider attending local REIA meetups and investor networking events in Middle Tennessee to expand your connections.

So we either do an additional test  for $600~, or we have to evict our CMHA section 8 tenants. 

Additionally, I’m assuming $100 for monthly insurance, a $50 bill for sewer, and $110 for monthly property taxes.

NOTE- Many markets have multiple Agencies providing housing based on the Title IX funding and HUD's voucher program, but MAY have slightly different, or additional, forms.

I'm currently looking at a DSCR for the additional funds for renovation. 

In recent years, however, the region has begun attracting more attention from real estate investors looking at long-term demographic and economic trends.Several factors are converging at once: population migration from coastal California, tourism growth, infrastructure investment, and continued demand for housing in lifestyle markets.For investors evaluating new markets, the Coachella Valley offers an interesting case study of how regional economic forces can shape real estate opportunities.Migration From Coastal CaliforniaOne of the largest drivers of housing demand in Riverside County is migration from higher-cost coastal markets.Many households relocating to the Inland Empire originate from:Los Angeles CountyOrange CountySan Diego CountyAs housing costs in those areas have increased significantly over the past decade, inland markets have become attractive alternatives offering larger homes, warmer climates, and a different lifestyle.Population projections estimate Riverside County could grow from roughly 2.4 million residents today to more than 3.6 million by 2060, making it one of California’s fastest-growing regions.The Coachella Valley—home to cities such as Palm Springs, Palm Desert, Indio, La Quinta, and Rancho Mirage—captures part of that migration because it offers a unique combination of lifestyle amenities and relatively attainable housing compared with coastal California.Tourism Remains a Major Economic DriverTourism is one of the primary engines of the local economy.Several major annual events attract large numbers of visitors to the valley each year, including:the BNP Paribas Open tennis tournamentthe Coachella Valley Music and Arts Festivalthe Stagecoach country music festivalthe Palm Springs International Film FestivalIn addition, the region has more than 125 golf courses, resort casinos, and extensive outdoor recreation opportunities.