It looks like there are about 1,200 listings in the "Village of Four Seasons" section near the Bagnell Dam.The entire area rates really low for seasonality, so you may consider how much a week in the summer will actually cost you if that's your "break-even" time.Happy to give you more data if you're eyeing a specific property or ZIP code.

To be honest I would spend more money and get my 1% on North of Baltimore.You should be able to get more than 1% around 21213.FYI, Baltimore in general housing stock is old, when you do moderate renovation like paint, vanity change, new carpet etc... you will definitely have plumbing issues along the way.I would strictly do section 8 in 21213, you can end up in eviction court pretty often othewise.

In a lot of cases in the city, CityFHEPS and Section 8 are paying more than market value for rent :) 

Fannie/Freddie do NOT allow:Texas Section 50(a)(6) Loan Security PropertyA Texas Section 50(a)(6) loan must be secured by a single-unit principal residence constituting the borrower’s homestead under Texas law.

I have a fund seeking to make section 8 investments on 4 or fewer unit properties in landlord and tax friendly states such as Nevada, Florida, South Dakota, Utah, and Tennessee. 

The maximum rent allowed for section 8 in the zip code, according to HUD, is $1,860.

Any property managers out there at specialize in Section 8 in Memphis?

Can I use the amount I believe is the capital gains for the 1031 and take the basis (purchase price, plus improvements, 250K exclusion-section 121)I was told I could but I need more clarity.

There will always be people talking about this "crash" or "correction" that is just around the corner. 

If an LLC owns the property, then there is no exemption on gain for the residence because that code section applies only to individuals.