Thoughts on short term rental in Franklin, NC

[Austin Green]

My wife and I use to live in central GA and in North Carolina but moved out to Arizona a couple years ago. So we are familiar with the north GA, western NC area.

My wife's aunt and uncle are selling their house in Franklin, NC. It's a house we love and have visited many times. We were upset when they listed it without letting us know... It had multiple offers the day it was listed (like everywhere) but now the financing of the buyer is falling through. 

We are considering stepping in and trying to buy the place, but looking for some guidance on STR and what kind of money this place can bring in. Part of this is sentimental value (wife's grand father built the house) but I don't want it to be a money loser. It's a 3 bedroom 2 bath north west (10 min drive) of Franklin on top of one of the mountains. Great view with a hot tub. $215k is the offer that is falling through.

It's not something we could self manage. We would want to use it for personal use probably one per year. Wanting to know who we can reach out to for management, estimates on potential income/expenses. Any thoughts would be appreciated. Thanks in advance!

[Jimmy Woodard]

@Austin Green if it looks optimistic, take a look at the amenities/features other Airbnbs offer in the area. Most people who complain about Airdna overestimating their revenue think you can just list your house on Airbnb and profits will pour in (South Park understood this fallacy best). 

We added features to our Airbnb in Lake Tahoe and surpassed Airdna's estimate within 6 months. The key is to differentiate your offering!