If you're going to live in it for a bit and fix it up you can adjust accordingly.

I know when you buy a foreclosure in Oregon and you intend to live in it you can evict.

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They're investing tons of money into those areas, and attracting a lot of good renters who work in the medical profession and will pay good rents to live close to their jobs. 

I have not lived in the property two years and feel that any profit I may make on a sale would get chewed up by closing costs and capital gains. 

It seems ridiculous, but that's the world we live in now.

well if I ever make it to the Smokies to see what the draw is  I will rent a condo then :)  I am just guess but I suspect folks that go there want to be in the woods and hear the birds and maybe some local mtn views etc.. or some sort of privacy they never get at home out east were there is not very much public lands close to where they live in the big city. ????

My suggestions:* Requiring code compliance and safety equipment is absolutely valid and should be part of the regulations* Requiring owners live within 15 miles is not necessary since poor hosts whether they're local or distant will violate the 3-5 warning system and earn a suspension.

I flipped and did some buy and hold when I lived in Florida.   

I’ve been starting my research by seeing what is being bought and what is on the market, and live nearby so would like to check out neighborhoods, but am wondering which neighborhoods I should invest in?