I know you meant to include it, but for others reading, you need to subtract out rehab cost as well in coming up with MAPP.On selling costs, be sure to include agent commissions, settlement fees (deep prep/transfer/etc.), and factor in the potential for seller concessions (FHA buyers with minimal cash often request 2-3% seller concessions to cover their closing costs, and can ask for up to 6%, per FHA).Don't assume you can necessarily gross up the sales price to recover these concessions, as the property has to appraise out.

Gatlinburg tends to get more folks who want to be deep in the mountains, close to town, or have easier access to the GSMNP.

I'll let the more professionals look at the number, but being familiar with the area, i would explore the rents at a deep level and make sure youre very comfortable with being able to practically acheive them.

Consider these factors to select 1-2 cities, pinpoint a local specialist and then go deep.

He's also doing a deeper dive this weekend for more but not interested in as you say putting that much money into it until I believe it'd be worth it. 

I have been accused of making things black and white, but I find it much easier to come to a conclusion if I can keep gray to a minimum.With the 'dumbing down of America', it is getting more and more difficult to have any type of deep discussion regarding philosophy, reason and theory.We are living in a 'bumper sticker' society.

Luxury service providers always run an institutional risk, however large they are, of internalizing a culture of quiet yet deep contempt for their customers.

Need to have deep pockets and buy right in the appreciation cycle for those equity gain only markets to have a chance at working.People employing this strategy should only have a small percentage of the overall portfolio dedicated to it.

We have an A-list of buyers that is several thousand people deep and it took years to build.Best of luck...

I know you don't want to lose the rest of May's rent, but if you don't get this relationship under control right now, this behavior is just going to continue.Take a deep breath.