If there is a choice to be made, it comes down to what an investor "likes" or prefers about one over the other? 

An experienced broker with lots of choices at the palm of their hand is probably the best bet.

It wouldn’t take much time with “steady” home prices for the graph to self correct. 4) I assume at least some of this is choice.

All the partners must agree to make the choice, and the partners must be able to figure their own taxable income without figuring the partnership's income.  

It’s never as simple as it first appears, which is why we always advise our clients to let the math guide the choice.

If the market value mentioned above is accurate and the “initial” loan balance hasn’t increased by rehab funding, I wrote above that the proceeds are just a couple million after closing costs and commissions.

It has so much more than other courses, & I have many.Seth would be my second choice. 

I recommend considering your cash flow and debt-to-income ratio before making a decision, and consulting with a financial advisor to tailor the choice to your specific needs.Good luck!

Smoky Mountains seems to be a solid choice but I wonder about oversaturation and competition in that area?  

That is in addition to clauses that require anyone that stays more than 7 nights in 12-months to apply (then it becomes our choice if they are treated as a temporary occupant or tenant) and prohibition of subleasing.