FWIW, I am one of those investors that are looking for folks overleveraged on properties north of $1.5MM in the Smokies and I'll come with a bid that suits me here later this year once I get some family obligations off my chest.

Would a property like this be better suited for long-term or short-term rentals in your experience?

The investors and first time buyers who swim and make sacrifices will get it done regardless of strategy. 

You lived for free for 3 years, you should be swimming in money.

For many of you who are chasing what Stuart is saying, you are probably better suited to be an LP in a professionals syndication (being careful to vet them of course), than to set out to become the GP.

Because these are renovated to suit and can be licensed for assisted living, we are able to lease them for ~3X market rent.

I think it's okay to not have a deluxe backyard, see what the market is demanding.We didn't want to or have the funds to do a full renovation, Here are some things we did when we got our primary ready to rent:-Tore out fiberglass tub and surround in master bedroom-Had new tub and tile surround put in (felt nicer for primary bedroom suite)-New toilets and all new faucets-Hired guy to resurface all kitchen and bathroom countertops-Took down popcorn ceiling and had resurfaced/ painted-Neutral paint and trim throughout (had different colors all over prior)-changed out washer hook-up valves to prevent issues Things I wish we would've taken care of:-regular yard maintenance hired out and baked into rent-LVP flooring throughout (kept mix of tile and carpet)Just did final walkthrough and got keys this morning for tenant moving out.

Did you miss or purposely skip over the parts that didn’t suit your argument?

And it crossed the neighbor A’s back yard and hit another's neighbor B's swimming pool.

Some of my hobbies are  🧗‍♂️Rock Climbing🥾Hiking🏊‍♂️Swimming🎨Panting ✂️Crafting Wreaths, Jewelry