@Mike H.I don’t have North Georgia mountains experience but I do have metro Atlanta (Kennesaw) Airbnb and vacation in Florida Airbnb experience and I’m looking to expand into the north Georgia mountains Ellijay or Blue Ridge I also just purchased a membership in the Northeast Georgia MLS so I have access to those properties as well.

Working with a reliable contractor was another smart move, making the rehab more manageable.Even though the profit wasn’t what you hoped for considering the time investment, you’ve gained valuable experience.

: If you’re planning to hold the property long-term, the repairs may not be as concerning since you’ll gain appreciation over time and benefit from consistent cash flow.

And if you lived out there and could self manage, maybe you're making 200/mo even.From a return standpoint, even at break even, you're gaining 8k a year in depreciation to offset against regular income so maybe 2k there. 

This is perfect if you’re using the BRRRR strategy and want to access equity sooner rather than later.Working with a lender that specializes in non-QM loans for foreign nationals can help you get favorable terms and streamline the process.

Using a HELOC for Down Payment and Rehab Costs:A HELOC can be a great way to access equity for new investments, but taking out nearly all the equity on your SFH rental could pose some risks.

I founded First Access Lending to provide access where others can't.I can write second liens up to 80% CLTV on investment homes, sometimes with rates lower than cash-out loans, AND you get to keep the low rate on your first mortgage.The products are rare, so I'm not surprised to hear other lenders saying they don't offer them and/or recommend other products.Let's connect, and I can give you a quote!

There are situations where we could have a paper loss but still be able to show some cash flow, which is ideal.One of the downsides to selling property 1 is the potential for depreciation recapture and capital gains from any appreciation.

Cash flowing and approximate gain of $80k in equity.

That means I'm coordinating access to the home which is a pain.Start networking now to find some folks you can lean on and build that local network.