It’s essentially the wealth you’ve built through homeownership.

I'm on a mission to get everyone to think Wrap Mortgage (or AITD All Includive Trust Deed) over straight Sub-To. 

I can't continue providing that service if the landlord takes over management.

Melrose is a great area and will definitely appreciate over the long run.

Chris, you’re on the right track asking about permit timelines..

well if I ever make it to the Smokies to see what the draw is  I will rent a condo then :)  I am just guess but I suspect folks that go there want to be in the woods and hear the birds and maybe some local mtn views etc.. or some sort of privacy they never get at home out east were there is not very much public lands close to where they live in the big city. ????

Compare it to the area you grew up in.

How do you approach educating people on the realities of the business? 

I would go with the one that is the specialist in the area.

He get's principal and simple interest payments over a number of years.I'll manage the deal and the property.Looking to create a proforma for this that would fit a typical rental analysis but insert the detail of having private money cover the DP.