In my view, tax benefits are almost negligible ($10,000 max annual deductible), the tax on capital gain in $2.8 million would be around $850,000 (federal + state tax), total profit is -$1,350,000. 

I'm taking a trip up to Baltimore this weekend to view a few boarded up row homes my client and friend are looking to renovate and turn into long term rentals. 

It's neat from a historic view, but a headache from an investor view. 

Additionally, when the invoices come in, we add the invoice to the property ledger, so the owner can download or view the invoice once it's paid.  

So, technically I do not believe we are saturated “overall” in the Smokys but we have gone back to 2019 numbers, where a basic old style cabin 2 bedroom with a slight view does 40-60k per year gross.  

We’re becoming California east and the glory days are almost in the rear view mirror.

The properties that are consistently booked have game rooms, entertainment decks, views, and hot tubs.

Sometimes a potential tenant will ask to enter the home to view it before finalizing the rental contract.

Community property states view a Husband/Wife as one unit, at least for 1031 purposes. 

Additionally, from speaking to my broker, Fanny and CMBS view this differently from Freddie.