FYI We looked at purchasing one that was operating already with a lease and I was really surprised how hostile banks were to the concept--they viewed it as a risky and potentially reputation damaging business.

Hi folks,My wife and I have a construction to permanent mortgage loan on land+home where we intended to build.Unfortunately, we found out that unexpected foundation work due to soft soil would likely make the project use triple our contingency reserve before even breaking ground.We are exploring our options on how to transfer our current financial obligations for this construction loan to some other loan offering (as moving forward with the project is now too financially risky).

You can take out what's left, but I suggest keeping a reserve for unexpected expenses or vacancies.Hope this helps!

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

I was just there and surprised to meet many Colombians and other South Americans working there. 

YES, you will miss something and have unexpected expenses, OR you will have a bad tenant experience with damages you are not able to recover from them.

These regions have maintained a strong rental market thanks to stable demand and controlled new construction.San Jose and San Francisco Emerge as Surprising LeadersIn a surprising twist, San Jose, California, posted one of the most significant jumps in apartment rent growth during July, climbing from 2.8% to 3.4%.

It came as no surprise when I looked Gatlinburg Falls up on the Better Business Bureau site and found this.  109 complaints posted in the last 36 months!

Personally, I don't like condos- HOAs and surprise special assessments can eat up any potential profits and in most states, they can just change the rules when they want to and decide that LTRs or STRs are no longer allowed. 

Obviously this is way below market, surprisingly there are a lot of below market rents out there. 4 months before the lease expired I informed the tenant in writing that the new rent if they chose to renew would be $750, a $200 a month increase.