I have one of my major partners based in the Smokies and we love seeing this!  

I chose the cabin based on comps from the last 6 months in my area. 

Hopefully, based on actual field measurements, past project data, and estimating software, your contractor can develop a detailed estimate that lays out the cost of labor and all materials for each phase of the project.

Saw you were based out of Riverside - are you thinking of wholesaling there?

All my rentals are never less then 15 - 20% net based on cash purchase.  

I realize based on your reply that I misstated my question - I intended to ask if you get pictures post-cleaning to document the condition the guests will arrive to.

That's why I posted, to provide people with real advice based on my experiences so they can avoid making the same mistakes.Providing greater buffer space for capital expenditures and controls is a good risk management strategy.

The key is to be ready, wait for the right property, and adjust your offer based on the strategy you want to deploy.The time of year is less important than the property itself.

We don’t do overseas rental units but recently have traveled in those countries and my brother bought in Italy and my son is based in Sicily.  

However, based on your risk tolerance, you need to decide whether to file now or wait.