Fortunately, our parcel only has 1 neighbor, so less work from a quantity perspective on avoid dissent.

With fresh paint throughout inside and out, brand-new roof, dual HVAC systems, updated water heater, stainless steel appliances, lighting fixtures, outlets, countertops, and PEX plumbing just to name a few.

You're absolutely right—agents will always say their area is the best, which is why I appreciate hearing different perspectives and the reasoning behind them.I came up with these markets based on research into affordability and population growth trends.

We saw a large influx of section 8 re-inspections (and even new inspections) coming back and saying that the properties needed fresh paint, new countertops, etc.

Now for the house you are leaving behind…I like to have this one freshly painted, and take action on any maintenance items.  

Think of it when those with a lot of experience go to buy apartment buildings what do they want to see..  2 to 3 years of tax returns and rent rolls they want to get a true picture.. not just how did it do for 6 months on a freshly turned unit.. now you will have low value assets were tenants will move in and quit paying 4 to 6 months in that happens.. but generally they make it the first year.. but what damage did they do.. how much is the turn over.. usually 1 to 2k for turn over plus a month rent.. and plus a month down doing your turn over.. so until you account for this happening 2 or 3 times over the course of a few years you will never know your true numbers.Although like with anything you can get very lucky and get a neat and clean tenant that stays 3 years never causes any damage etc. 

From a real estate/landlord perspective what does this do besides take money out of my pocket?

I’d love to hear some perspectives from more experienced and local investors on what you think about the numbers below:$130k for 3bd 1ba for a single family house:- Reno Budget: 42k- Projected Rent: $1400Pros:1.

From that perspective, this is a pretty nice exchange.

I do not know the market very well in Gatlinburg, but from a pure investment perspective (assuming revenue is gross) is abysmal.