Since we are two people, we can manage the negative cash flow together.

Hi Collin,After managing hundreds of properties, I always keep an eye on short-term rental trends, especially in key markets like the Smokies.

Quote from @Obed Calixte: There are a ton of free tenant applications online and through property management software companies such as turbotenant, rentspree, zillow etc.You will want your application to meet any state specific guidelines (if applicable). 

The attorneys I have worked with when buying a large apartment complex have all recommend one LLC for holding the property and one for managing it.  

Owner-Builder Construction Loan (Challenging but Possible)Some lenders offer owner-builder loans, but they usually require:✅ Strong financials (good credit, assets, low debt-to-income)✅ A solid construction plan, budget, and timeline✅ Proof of prior experience (renovations help, but formal experience is a plus)✅ A licensed contractor or project manager to sign off on the build2.

With strategic upgrades and efficient project management, we turned this investment into a profitable success, showcasing the power of smart renovations and market expertise.

Purchase price: $925,000 Cash invested: $75,000 Sale price: $1,190,000 Bought and styled and managed a luxury Airbnb in Scottsdale.

After years of self-managing our single-family rentals, we decided to hire a property manager to provide full service management.

I actually have two south side chicago properties right in that pocket of Greater Grand Crossing.The key here, more than anywhere else, is proper tenant screening and property management. 

I could move over to Cleveland to use the same property management for a similar deal?