I don’t think the competition in the smoky is light.

Congratulationswhat you’ve found that both the INVESTMENT side of real estate, and theBUSINESS side are very competitive; therefore profit margins are compressed, so those “home runs” people like to bragg about are actually quite rare.  

It was in rough condition, which limited competition and made it a strong candidate for the BRRRR method.Negotiation: After analyzing comps and repair costs, I negotiated a $420,000 purchase price, which was below the market value for similar properties in the area.

In person is better than over the phone if possible, as I have been told by annoyed or lazy clerks "NO STR allowed" as that was the easy button to get me off the phone, or if they are anti STR. 

You can ask them to skip one of the Public hearings if very little input.Zoning is actually good from a competition standpoint. 

This deal showcased our ability to create value and profit in a competitive market.

This added inventory gave renters more options, leading to increased competition for landlords.Why This Matters (and Why There's Hope)For landlords accustomed to a manageable 6-day increase in DOM during the holidays, the 10+ day spike might feel concerning.

What is occupancy and rate and how does that compare to your competition? 

On-site lodging gives our venue a competitive advantage over others without lodging, and also provides us an income stream on non-event nights (by renting them on Airbnb/VRBO/direct).https://www.battengreen.com/

On the other hand, a hot tub might cost more but could yield a higher ROI in competitive or high-demand markets.Data-Driven Insights: I also use tools like AirDNA or PriceLabs to analyze local trends.