This is totally automated, so you don't have to do anything but set it and forget it. 

@Josh Caldwell  its the only state in the Union I have not personally set foot in or on.I bet its a sleeper don't hear anything about it really.... good luck with it.

I was in Pigeon Forge last week setting up a new property.

I don’t rely on pre-set searches I’ve set up with an agent because those can run 1-2 days behind what gets listed online and you can miss out on hot deals by waiting that long.

Looks like you've got both set around 5-6% That's what I'd put for LTR rentals, but presumably you're getting 40-50% more in rent as an MTR than you are as an LTR, but the actual dollar amount of capX and maintenance aren't going up with an MTR v LTR, so I usually set that at 3%.

It sounds like a whole new set of challenges such as finding builders and starting the business from scratch.Next steps:I could really use some recommendations from this group:We need to find an agent/broker, CPA and lawyer that has experience with thisWe are already speaking to 2 local banks about SBA and conventional loans but are there other options or folks we can speak to?

I missed out on one great opportunity because I didn't have the lending set up.

If you're looking for something that provides cashflow and can run itself, then I would suggest setting up a team and buying a multifamily property that is in really good condition.

On the other side of the house is a set of four garages that someone else owns and rents them out.

Unfortunately, my property in Memphis set on the market for about 6 months.