-Rentals are very labile - some rent in less than a week for more than expected, others take two months or more despite being listed for less than they were previously rented for two years ago-There is no cash flow in A or B for new purchases unless you want to put down 30% or more, or find a unicorn deal.

They're all good answers that matched the "it depends" mentality that I was expecting.

Expected to hold 3-5 years and then sell for nice ROI (greater than 35% cash on cash return).

This is where most projects go south....If you and your Contractor are not on the same exact page regarding what you are expecting to receive and they are expected to provide, then you are doomed to fail.

What are you expecting to rent it for?

These all factor into how long a tenant stays and what vacancy rate you should expect.

Condos were built by a lot of cheap scumbags who are long gone and people are going to be left holding the bag on these.This guy is pretty good at explaining it:  Yak Motley Florida Condos;t=4s

You can expect around $500 more a month on your total rent at best.

In the last year for Knox county specifically the median sale price is up 9.92% and the whole MLS is up 7.14% year over year.After beginning to recover in July and August, home sales throughout the East Tennessee region slowed up again in September which is somewhat expected as schools get back into swing.Mortgage rates remained below 7% for the entirety of September, for the fourth month in a row.

Expect very low LTVs (we're talking like 40-60% down minimum), much higher rates, and very long close times for out of country financing.