So when your talking to a seller you brag that $ amount of the % can go to $0 so "ha, ha, ha, pulled a fast one on that person who "bought" the cash flow". 

While Johnson City might not have the pull of Pigeon Forge, it offers an authentic mountain experience that could attract hikers, history buffs, and visitors to nearby national parks.

For example you'd buy a 200k property for 100k, spend 50k to rehab and then get it appraised for 200k and pull a loan for 150k.

Although I probably get killed on transaction fees which is part of why I am not pulling the trigger (along with lack of time to execute well).There are games you can play for increasing your returns in the stock market (sector rotations, rebalancing, being a good company picker) but you lack operational control. 

I'm looking in miami florida for sites where we could get the numbers to work and we are getting close maybe in homestead. with that you could continue to pull cash out after it was built. in our market we need about .1 acres and we get land under 60k that the investors buy. the build cost is about 75% of appraised value or a little less. the investor refinances out on a DSCR loan and continues on. this strategy is ground up and it takes advantage of the buyers market for land in our market.

The data the pull in the article is a few years old but it says that Nashville is in the top 10 of the highest revenue STR cities.

Keep us updated on what your lender says, and I’d be curious to hear if anyone else has pulled off multiple VA loans in a year successfully! 

They usually have a step down on that penalty like 3% year one, 2% year two, 1% year three and so on and so forth.So if you are buying a deal with the intention of rapidly increasing it's value in less than 24 months in order to refinance it and pull your cash out, you might want to go with a credit union for the acquisition financing because FCUs are barred from charging pre payment penalties.I could talk about this for hours about all the nuances but my fingers don't type that fast lol

Do some people think this is a pull-up bar?

Found my deal on Zillow, ran the numbers, pulled the trigger and flew into town to do some of the work myself with the help of some family with experience fixing houses.