Based on my contractor estimates, I'm roughly looking at around $6.5k The property is already rent ready, save for a couple minor things (new man door on the garage, snake some drains, etc).I own a handful of properties but am not an expert when it comes to giving information, but here are the numbers I'm working with:Purchase Price: $55,000Cash In: $12,000 (15% down payment + minor rent ready repairs + misc.)Rent: $800-900/monthExpenses: $538/month (PITI + $120 set aside for maintenance, vacancies, etc.)Net Cash Flow: $262-$362/mo. (26-36% CoC Return)The cons that I'm hung up on are (1) that the home is certainly not being purchased at 75% ARV or anything like that, but then again the house itself save for the two items I mentioned are in great condition; (2) comps in this particular neighborhood are nearly impossible to place... a few years ago these houses sold for $4,000-7,000 each, but the real estate boom has certainly brought some change.

The area of Upstate SC and Charlotte area are currently booming with grow especially along the I-85 corridor from Greenville SC to Charlotte.

Also we have been in an extended economic boom.  

Think how fast your PM could fix your DOM if you said you didn’t like the high #  they cut your rent 10% and boom they have approved applicants 2 days after listing.

In the real estate boom how many we're they laying off, that right NONE they were hiring by the 1000s.  

Sold right just a little before the big Nash BOOM $ but successful Fix and Flip as conventional primary residence purchase.

So of all resort places on the earth, the Gatlinburg area had a far bigger boom than anywhere else, at least that I am aware of.  

There’s more to America than your booming metropolitan city lol I’ve bought Nice houses for far less that have been wonderful safe investments and in decent areas too. 

Check out Arlington, VA they are booming with Amazon HQ2 and other businesses will follow to poach talent.

The law, passed in 1999 in an attempt to accelerate the rehabilitation of abandoned properties, empowers county treasurers to act as debt collectors.