You can learn a lot about areas and rent rates without asking a PM so explore that first

Is it worth to refi at current rates?

We do lower rates, and I'm curios if others have run into a "floor price" below which you just get problem guests.

@Dmitriy Fomichenko scratch the part about being taxed at the capital gains rate, you’re right that it is taxed at income levels, however the rest stands.

**Maintenance**: Be prepared for a bit more wear and tear compared to market-rate rentals.

And then finally, there is always the option to just claim the regular standard mileage deduction rate of $0.67/mile. 

As of this morning, WSJ Prime is 7.75%, so I would expect the rate to be over 8% at the very least.

Quote from @Pete Galyon: Quote from @Collin Hays: I've been investing in the Gatlinburg market for 20 years, and I wouldn't rate it anything but so-so right now.

Assume my marginal income tax bracket is very high, and mortgage rate is 5.25%.

The landlord shall not commingle such moneys with any other funds of the landlord or hypothecate, pledge, or in any other way make use of such moneys until such moneys are actually due the landlord;(b) Hold the total amount of such money in a separate interest-bearing account in a Florida banking institution for the benefit of the tenant or tenants, in which case the tenant shall receive and collect interest in an amount of at least 75 percent of the annualized average interest rate payable on such account or interest at the rate of 5 percent per year, simple interest, whichever the landlord elects.