As you can see, the numbers aren't great from a CoC return standpoint with current interest rates, but the location is strong - great schools, close to large hospitals, 10 mins from downtown, and popular suburban towns nearby.

It is definitely worth looking into investing down south in the popular or college towns.

Im curious why this isn't a more popular method  (especially for people who live in a high LLC filing fee state like me).My attorney swears by them for their anonymity, asset protection (when each series/child trust is ran like an individual entity), and affordability.

Rates on 15 year fixed mortgages, which can be popular refinance options also eased to 6.13%. 

Speaking of which the price is amazing compared to other PMS, but I expect that to change as the company gets more popular. 

.- Buying that first STR property in a “hot” vacation market that isn’t local therefore seems like one of the highest risk investments one can possibly make.I will not be surprised to see pain in several similar markets around the country, perhaps including certain desert locations that surged in popularity, certain lake areas, and the pain may extend to even areas like CO mountain towns, despite the fact that unlike the smokies, people do travel from all around the world and country to get there.

Of course any incoming project of this magnitude will generate a vast amount of speculation, but personally I do agree with the popular opinion on the positive impact it will have.

The premise of this boards popularity came after the deepest real estate crash coupled with the lowest rates in any historical era, and was conveyed through someone like a rookie that runs crashing and failing syndication. 

Most PM companies have a requirement where the tenants income needs to be 3x the rent per month.There’s more to it than that - but it’s a lot to type out.It’s a popular strategy for those looking to get into STR/MTR and can’t afford or can’t qualify to purchase a home themselves. 

One of the most popular for investors is absentee owners with equity (title co's won't give you equity in CA).