And with more equity, you can 1031 into a larger property and grow your net worth.

If it won't cash flow at 25% down or less, it's probably not worth your time. 

Worth is $400k.

But the above is $300,000 worth of lessons given freely.  

I just don't know if those would be worth it without people skiing.

All it was used for was as a screen to determine whether a property was worth further consideration.

Your estate could still go through probate to determine how the LLC and other assets are distributed.You may be able to record a "transfer on death" deed for your property so it automatically transfers to another person when you die.

So if you are going to invest in the Smokies, you are far better off just finding something that you like.That's my $.02, and probably about what it's worth!

Once you have a few deals under your belt, then your track record will speak for itself.

The property is gated so many rent out all 12 bedrooms and bathrooms for parties, retreats, anniversaries, team meetings and special celebrations.It's private and perfect for those who want privacy when they need it and company when they want it.It has appreciated and is now worth at least 3 million and we are looking for funding to refinance and share the profits with our investors.