I would think you would need to prorate all the deductions such as taxes, insurance, depreciation, etc.  7.

It is currently stable with a tenant and should appraise for much more than we have into it.

Cover half the mortgage/utilities/insurance/taxes etc 4.

@Jamaal SmithWas the increase due to local tax increase in rates or due to valuationMost property taxes are increasing significantly as is insurance because of inflation - everything has gotten more expensiveYou can try and contest the assessment and see if it reduces taxes.

Also use Placer.ai stats to compare both properties, local demographics, median income etcOur experience on the lending side is that if gross sales are consistent over last 3-years, under writers will consider this incomeI would definitely consider option-1 based on tenants sales, NOI and how stable the restaurant is running.

I won't be investing in the riskiest/most supportable asset subclasses such as hotels, and tilt my portfolio the ones that have historically been more stable such as multifamily and single-family housing.

Consider collaborating with local influencers or travel bloggers for exposure.Local partnerships: Connect with local businesses, wedding venues, or event planners for potential referrals.Targeted advertising: Use Facebook/Instagram ads to reach potential guests interested in Smoky Mountain getaways.Seasonality strategy: Adjust your pricing and minimum stay requirements based on local events and peak seasons.Long-term rental mix: Consider mixing in some medium-term rentals (1-3 months) during off-peak seasons for more stable income.Have you tried any of these strategies?

And of course factoring in insurance and taxes.

There's no shame in working at fast food or anywhere else to have a stable life - you do what you have to do.

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.