I own SFR in Goodyear since 2013, value almost tripled.

My business partner also bought their 1st rental property there (a triple net leased bar) which has been a real gem.   

It has doubled in taxable land values, and tripled in total area, due to its open annexation policy. 

@Bill BrandtBut we haven't seen the rest of the lease to know if its single, double, or triple net...

Since I would assume at least a tripling in the balance over that much time.

Reusing old "bakelite" outlets or double/triple switches is a poor idea as they have been overheated over 50 plus years of use.

Transfer to PMInstead of 1 step; Buy with turn key providerBUT you avoid paying the huge premium of a Turn key provider and avoid some risk of turn key providers questionable motivation but double dipping the deal (arguably triple/quadruple dipping) in such a away.

Those new construction properties exist for the passive investor locking in triple net lease income at Cash on Cash rates of 16%+.Land in the Smokies is not more expensive than land in vacation areas of WI, unless on a lake.I agree, existing Properties to be used as STVRs are overpriced in the Smokies market.

The biggest suggestion I could make alongside @Sarah Kensinger & @Michael Baum would be to TRIPLE CHECK the regulations within that area for STRs.

If I can sustain a 50 to $100 increase per year for the next five years I will have tripled my cash flow at least or put another way make somewhere between 14,000 per month 28,000 per month.My small portfolio which I share with my cousin in Connecticut within the next three years we'll be able to sustain both our families moving forward.