The assets become difficult to operate as the price points are disproportionately impacted  by operating expenses and  cap ex.

Material Participation in a Real Estate Trade or Business.This is pretty straightforward but you must materially participate in a real property trade or business, such as development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, management, leasing, or brokerage.2.

Hi - I am looking to purchase a property in the Smoky Mountains area and operate as a short term rental.

If you have four 2-bed/1-bath units with the same appliances, split it four ways and call it a day.

Thank you all for contributing your experiences on this discussion to make our community aware of operators they should stay away from. 

The landlord could provide appliances and you do not or vice versa.It probably won't change radically if the tenants' income and family structure haven't changed, but probably won't be the same unless the properties are very similar.

My family owns REI Nation & we operate in the turnkey space primarily in the Southeast.

There are many different DSCR lenders that operate in their own way.

That is the best way and usually how I operate especially in the slow season to keep my subs busy.  

., Phx. 85027, nice house, close to yours, stainless appliances, very nice backyard, and they accept pets, read the description the realtor wrote about that house and pets.Also look at the others on Zillow in that area.