Perhaps even meeting with your neighbors before you launch your strategic plan...they may change their minds.

"We are as bullish as ever on the future of Detroit and will continue to invest in properties we believe strategically fit our mission to transform the city."

I'm looking to duplicate this strategically moving forward.All future investments in the STR market for me will also have to be cash flow positive in a LT strategy as a backup plan, as will equity in them.An often overlooked side benefit of STR is that you've got eyes on your property a couple times a week. 

Surrounding yourself with like-minded individuals who are likely only a few steps ahead of you in the game will be invaluable for both you mindset (staying motivated, others holding you accountable for your goals) and tactical/strategic advice ( where to invest, how get creative with finding properties, financing them, etc). 

FAE = franchise AND excise taxesthere is a tax on holdings as well as income in TN.this is the primary reason I believe LLCs in TN should be used strategically.

I've been strategizing and planning out the downturn for years, and I actually look forward to it here locally.

And that's why I've used them for myself all this time since as well.Refinances through helocs or conventional are strategic tools to use when you have a good performing property that you don't want to sell but has equity trapped in it. 

My understanding is that Athens is hot particularly amongst legislators probably due to the long-term plans wherein Athens is becoming a strategic investment for the state.I can PM you with more specifics.Take care,Jack (RE Investor, I'm not an Agent)

I picked up a book on short sales called "The Short Sale Success Blueprint" By Strategic Real Estate Coach.

We do encourage you to keep your plan, you might get a different result depending where you are looking for.One piece of advice, select very well and strategically the neighborhoods you want to invest and have all your finances ready to go.