You also tend to get more frequent and better feedback than with an STR, if you treat your residents well.The last quadrant, unnecessary but not obviously so, is usually as a result of either converting an STR to an MTR or from remodeling above the standard needed.

Then at the last minute, I had a strong instinct to pull out and did not follow through.

Something that my team and I did last year that really helped maximize our time was re-do our management agreement to set expectations.

It's like only using weight to measure fitness.

  $300K gets you $1250 a month or $15K per year.My mom sold her house and bought a less expensive one last year.

I also have the same last name as Avery if that gives me any street cred lol.   

I can see how Gatlinburg/Sevierville/Pigeon Forge has an oversupply (even though SMNP receives the most annual visitors per year of any national park and double that of the #2 NP)… though, from what we’ve watched in the last year and gathered from our realtor in Knox, both Knoxville and Chattanooga homes are still going for over asking price which would indicate an under supply, no? 

This caused a historically unique opportunity for investors - they could buy Class A properties and immediately cashflow when renting them out.This couldn't last forever, and it didn't, as excited new investors drove up prices.

Several people that pitched me on real estate partnerships & syndication over the last decade are now broke, in prison or being sued.Growth Equity in Chicago is one & fortunately like with Steve Down I steered clear of them!

Last thing thougt of is have a little box of books and toys for little kids parents always appreciate it.