Hey Brother, We've run our cabin in Pigeon forge for 3 years, consistent $90-100K gross rev. 

Thats a huge swing in expenses.I think you have to run the numbers and work backwards and then find a gross profit that you're comfortable with. 

(The 2% Rule says that the gross monthly rents should be 2% of the purchase price.)

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

When I first bought the building I did not know the difference of NNN or gross leases so I just copied and pasted the previous owners lease.

The tenant segment we've targeted for over 17 years is families with elementary school-age children and a gross household income between $65,000 and $85,000.The only properties this segment will rent are:Type: Single-familyConfiguration: 3+ bedrooms, 2+ baths, 2+ car garages, 1,100 to 2,400 SF, one or two stories, lot size 3,000 SF to 6,000 SF.Rent range: $1,800/Mo to $2,300/MoLocation: See the map below for the areas where our target tenant segment chooses to live.What has been our results following this process?

Good old Uncle Sam.For most folks in the US, taxes are anywhere from 30-50% of their gross income every year.To protect yourself, you should do 2 key things.1.

I’m not currently working so my income is basically the 300k + (28k gross or 15k net) from another rental property. can I do a cost segregation to offset my tax bill incurring from the Ira withdrawal for 2024? 

All our properties currently yield over 6.5% gross return, with a borrowing rate at 6.5% and 20% deposits.

For cash buyers, this deal presents a more viable opportunity.If you can overcome the gross weather, look deeper in this market.