There's lots of properties for sale in the Smoky mountains so you may also have a larger selection of options to purchase as well.

Others put down larger downpayments to make the cashflow work.

@Ezra Avery you might want to read below to understand Classes of Property/Tenants.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Yes, the more units you go up, generally the less players in the game so there is some advantage in purchase competition as you go up, but also more management scale and cap ex for someone who is new.3.

For larger CapEx jobs, we're fine with a client getting their own quotes, in fact, sometimes this is preferable.  

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

I would just excavate a few 2'x2'x2' (or larger if possible) spot footings, w rebar and Simpson hardware,under the house (you will want to take up the floor to make this easier to do).

Purchase price: $225,000 Cash invested: $56,000 Purchased 4-plex from a wholesaler.

If they can build a larger home and sell it for the same or more rather then building a couple small homes why do it?

I'm considering purchasing a condo or a small SFH in the Oceanside/Carlsbad area as an investment property and renting it out on a short term rental site like AirBNB.