I'm looking for some advice/insight on HOA management in the Pigeon Forge/Gaitlinburg area.A little background--I'm the owner of two new construction cabins in a 10-unit PUD in downtown Pigeon Forge. 

Sold two STR in 32137 this past fall.  

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall loss.

I mean I highly doubt( but sure there will be other who say otherwise just because) you will find a very good investment property listed on MLS or other publically available service.On a side note if I did have aprroximatley 400k equity in two of my homes could I use any of that to invest in another property?

There are obviously two sides to every story!

I have bought two by owner financing from the same seller.

Real estate is easy to get into, but hard to earn a living. 87% of all agents quit within two years because they don't make enough money.

There are two workarounds:1.

Best practice is to keep one or two payments in reserve from the buyers down payment for such instances.

Hello everyone, I have 13 years of experience as a landlord with two single family rental properties.