I did not come back to revisit this post from so long ago.I did not buy this property. 

Investment Info:Single-family residence buy & hold investment.

This does not align with buying most buildings in cash.Once you progress in your investing efforts you may come across more UHNW individuals, family offices and institutions who would take the lower return for limiting risk (all cash deal).

Cash flow approximately 350 a month.Option 2: Use the cash to buy land to build a 6 bed 4 bath duplex, all in cost approximately 300k/330k. 

If you’re selling and you’re going to buy another rental no matter what, if you probably do a 1031 unless you have almost no capital gain or depreciation capture.

buy house  find renter rent house maintain house pray they pay rent and dont destroy it.

The current average rent on the new buy is $925.

After that, we are looking to buy maybe 1 or 2 more SFH this year. 

Quote from @Collin Hays: I had an inquiry today from someone interested in buying a condominium in the Pigeon Forge area to rent out.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Clinton.