In addition, I do want to get some type of temporary security camera for the property while doing some minor rehab fixes, Are there any suggestions for temporary security cameras?

What I mean is, if you are thinking $50,000 down, plus closing cost, plus fix up cost, plus time on market to get rented as your foot in the door cost to get up and going- you might want to add an extra line item for additional time and additional costs associated with this type of scenario.

A good broker can always add additional lenders to their mix if you get a really one off situation.

I’m not big on providing THEORETICAL information, so I’ll list the methods I’ve personally used to obtain capital appreciation and wealth building from buying notes, in addition to just collecting the interest. 1.

I would spend time on carpets / flooring and paint.

In addition to using AirDNA, research active and potential competitor rentals in your target market near Gatlinburg by browsing booking platforms.

Additionally, the management companies would take around 10% of the rent for their services.Given this, I’m exploring whether it would be a smart move to refinance when interest rates drop, and possibly form an LLC to transfer the property into.

Are there ways to add value through renovations, additions, improved management?

You can spend as little as $100 to form an LLC, or you could use an attorney and spend $1,000 or more.

Some private lenders are not willing to loan on auction properties, given the additional nuances and potential risk.