It might help to connect with local property managers who handle STRs to get a sense of what types of properties perform best. 

I live in ATL as well and have 2 STRs in Gatlinburg that have been performing extremely well so just curious.Thanks.  

But if property is originally purchased in trust, and mortgage, if any, signed by trustee, there is anonymity and limited liability as far as I can tell.If a claim is filed all this will eventually come out.

@Maria WalshHi Maria,To your original questions, whether condo or SFH, you will not have a problem finding tenants, particularly in the winter months.

Typically in company's 401K plan, there's a large-cap index fund option that more or less tracks SP500's performance.

Most important will be your 401k sharing in the income and expenses pro rata according to the original investment breakdown.  

. $70k is quite a lot where things could go bad imo.But to comment on the other thing:> on the first - maybe. it does seem like you have good experience. but your numbers on it as a BRRRR are overly optimistic. you'll have to pay points at closing for the loan; you'll have holding costs while you rehab; it's difficult to get an 80% refinance; and refinances aren't free either. so you've left tens of thousands of dollars in costs out.So, we have already talked with the hard-money/bridge lender about all associated fees (1.5% origination, $2500 closing), they are included above.

Buyer is aware that seller intends to perform an IRS Section 1031 tax-deferred exchange .

Purchase price: $40,000 Cash invested: $40,000 Sale price: $118,000 House flip that was originally going to be a long term rental.

The lease agreement has a clause that acknowledges that the property is part of an HOA and that tenant indemnifies the landlord from non-performance ("hold harmless" clause).