There is not enough room on this page to go over everything you will need and what it costs to open and run a successful mortgage broker shop.

I have taken all my taxes and insurance out of escrow, and I run them through credit cards to rack up points, so I pay a lot of bills every year.3.

Gatlinburg and Pigeon Forge are both extremely strong right now , with most people overpaying in the years that you mentioned and simply not KNOWING OR CARING  how to properly run a top notch Air BNB. 

Most of my fix-n-flips are financially at least second base hits, or home runs, but this one was barely a base hit. 

Quote from @Monish Anand: I'm a fan of the low prices and my plan is to STR since I currently run a short term rental business.

You may end up with a little more vacancy today because you stuck to your guns but if your criteria are solid you will have better overall results in the long run and investing is for the long haul.

You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise egregiously violating the law.

Proximity is a plus for managing the property, but make sure to run detailed numbers to confirm the cash flow and long-term potential align with your expectations.

Better yet use a lender that gets you fully underwritten up front, so you don't run into any surprises.#2 Keep an eye on interest rates based on what the loan officers proposes. 

And for anyone just starting out, are there challenges you’re running into?