Besides being worried at adding complexities to my properties, I genuinely don't really know what people want, because when I travel I'm not spending the kind of money that people are obviously spending at these ultra high cash flowing properties.

The Smokies are a favorite of mine, but beware it is an ultra competitive market. 

If I'm looking to househack with my family (I had a toddler and a newborn the last time we did it) I might be interested in 1/3 of these neighborhoods, of which a few will absolutely produce some income (assuming you're number's aren't ultra-conservative) upon moving in year 2-3.

If this is an ultra high price, then obviously more.3.

I know when i travel to hotels ( which is almost every month) I check for coffee pods and will choose hotel that has them  then i bring my own pods LOL  unless its a real high end hotel and they have the ultra coffee makers  do your cleaners know how to clean the water repository on a Keurig?

And, for what it's worth, the ultra ridiculousness that allows the streets to be so unclean is easily fixable in a single election.

The only time it gets dicey is when its the ultra rich because yes they can spend the $ to keep it hidden. 

I hear ya I would not want to have a spec build in SWF right now unless its a ultra premium where the buyers buy for different reasons.

I know its a Massive catch 22  how do you start.. and what is the proper amount of reserves to have.. but as your gently alluding to anyone using ALL their liquidity and thinking one low end rental is going to get you to your as Morris calls it  ( Freedom Number)  this is ultra high risk.. much better to simply buy a REIT and let the pro's manage it.The risk of owning these assets is just not clearly talked about...

Carlos,For example, I could comfortably pay 15% annually and maybe even higher.It's very hands on and very active involvement and consists of doing deals...Can turn $200,000 - $300,000 over every 2-3 months doing turnkey or even quicker "wholetaling".Picking up deals lately at 30-40 cents on the dollar.Ramped up in-house acquisitions as wholesalers suck big time.List on the MLS for rookie flippers to purchase at 50-60 cents on the dollar and Bobs your uncle lolProblem with me is the OPM.It's a responsibility and an obligation and a commitment.I treat OPM tighter than my own ehhhI love the saying "If I pay you, then I can F@$# you".My mission in life is to stop getting "paid" as much as possible.The next on my list of elimination are investors/buyers.They are still paying me, thus are still F@$%ing me heheSorry for the brashness lol right, that works when the rate is ultra-low, real estate valuation going uo, equity  investor and debt makes money.