However, it’s not the right choice for everyone.

It’s a smart choice if you want to streamline operations and ensure a consistent, high-quality guest experience without being hands-on 24/7.I'd be happy to share more ideas.

They demand the highest rent and therefore attract white-collar, high-income professional tenants who are “lifestyle” renters by choice.

I would then interview a few and make a choice as to what one to move forward with.

If not, ride out the 12 months with the hard money lender.People have to make good choices and not over extend themselves just for the sake of buying something they really can't afford or that doesn't make good cash flow.

Whether you choose to run screening before you show the unit to them is a personal choice. 

So, factor that into your thinking about whether its the right choice for you. 4.

Consult with competent legal counsel to guide you regardless of your choice here.

Smoky Mountains seems to be a solid choice but I wonder about oversaturation and competition in that area?  

I’ve never actually been legally owed money before so I was green on how to handle things while trying to be understanding and respecting other lifestyles and career choices.