That's the downside of a new endeavor; you don't know what you don't know. 

You just discovered, the biggest pot of gold this side of your nearest rainbow. 

But if you're doing infrequent investments, consider the downsides of using an LLC.

One of the downsides are the areas in which the properties are located.

Thats the biggest thing to move from inaction and towards the deal process with first time (and even experienced) investors, is EDUCATION. 

Price isn't the biggest factor, ease of use is for me due to the demands of running more than one business. 

I will tell you though that one of the banks biggest fears is going under deposit and it not closing, so if they think one offer may have a high likelihood of falling apart, they might be able to justify that it's better to take the definite cash deal now (if the numbers are close).If you want this edge, be sure to make an all around SOLID Offer:- 10% Deposit- Proof of Funds- No Mortgage Contingency- No Inspections- Close before the end of the month.If the offers are very close, with these terms you might have a chance .. but if your $5-10k+ less than the 203k Rehab Loan, they will probably take the rehab loan.Also keep in mind that in most cases the banks do not care if you have inspections, or a mortgage contingency. 

The 2nd a d biggest mistake is that that 2nd Parcel is on the other side of a huge wash or creek.

That would be my biggest hurtle is finding contractors since I am not networked yet.

A study just showed that Asheville is the 6th biggest airbnb market in the US too. 6) Another good point...That aspect does seem like a lofty goal.