I agree with Collin.The Smokies do have a lot of competition, so you need to have a view, decent location, good to great amenities etc to stand out.We have a 6-bedroom cabin there, but I imagine a 3 to 4 bedroom would be in the sweet spot of not too big or not too small.

Midtown and Brickell in Miami are the hot spots for the city. 

You're spot on with the tax liability. 

It's a great spot in my opinion, especially for retirees.

Soudns like you're in a great spot.

Now, that doesn't mean that everything you find on there is going to be spot on.

How many glamping spots are you expecting on this?

Your approach here has definitely given me a lot to think about in terms of spotting hidden value.Curious, with the deferred maintenance challenges you faced, was there anything unexpected that came up during the rehab that you’d approach differently next time?

I would just excavate a few 2'x2'x2' (or larger if possible) spot footings, w rebar and Simpson hardware,under the house (you will want to take up the floor to make this easier to do).

The theory is spot on, in practice however that logic rarely plays out - at least in recent years where multifamily has been crazy.