I agree with Collin.The Smokies do have a lot of competition, so you need to have a view, decent location, good to great amenities etc to stand out.We have a 6-bedroom cabin there, but I imagine a 3 to 4 bedroom would be in the sweet spot of not too big or not too small.

Yes we avoid custom work to help keep cost down. 

He told me that without installing a sump pump system (at a cost of $12k), the foundation will continue to deteriorate, which could eventually lead to bowing basement walls—an issue that could cost upwards of $50k to fix.The inspector asked if the previous homeowner disclosed any water damage.

In one of my markets assessments are performed every 3 years, and the cost of 3rd party appeals will cost 30% of 1 year savings. 

Hi Chris, As financing costs will be a big factor in determining profitability, you should be asking HMLs for proposals to fund. 

It's probably best to have them pay out of pocket for a smaller cost like this.

Yep, off water, but with nearby water access and view seems to be the same ROI considering the cost of the property. 

The cost of moving is around $1,000.

My thinking immediately turned to researching local rental costs per square foot to determine income potential with triple the current square footage.

A deal that’s “close” but not quite right can still cost you big.