BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Keep this in mind when calculating potential profitability.Research active and potential competitive rentals in your intended market near Gatlinburg, not just through AirDNA, but searching booking platforms.

@Dawn Miller Great I would follow our system to create 2 notes and calculate the what each note should be. 

I have used the analysis calculator and have come up with 480k as the lowest COC return I would be happy with. 

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

I used this calculator to verify the amounts : https://lex-co.sc.gov/services...information below if from : https://realestatescorecard.co...Real Estate TaxesSouth Carolina taxes on residential real estate can vary quite a bit depending on where you live and if your home is your primary residence, or a second home or rental property.

I recently learned that if you owner occupy a residence for part of the 5 previous years before sale, and you rent it for the remaining time, you can calculate the percentage of time the property was owner-occupied (and thus qualifies for the sec. 121 primary sales tax exemption of up to $250k for single filers) vs the time it was being rented (which qualifies for 1031 exchange) and claim both benefits. https://hcsequity.com/blog/combining-1031-exchange-with-121-....How does this work for a multi-family?

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

Lenders will use your tax returns schedule E to calculate your monthly rental income.

View report*This link comes directly from our calculators, based on information input by the member who posted.Hello All,Peter Piper here.