Though, I have investors I work with that do well with their rental properties in that area.

It should give a good return, over next 6-9 months with either a gradual FED rate cutting and a great return with a Recession. another option is AGNC/NLY. 2 mortgage Reits that own billions of agency MBS, so as rates fall, their underlying bond assets will rise in value dramatically causing stock their prices to rise, and they pay hefty dividends while you wait, AGNC paying me >14.4%if staying in cash consider USFR pays 5.4% taxable, or BKN 5.6% tax free as munisGO TEXANS!

I do have an empty lot next to my current SFH , doing nothing (but costing me money to mow :)) my thought was to build a detached guest cottage to serve as an overflow for guests or it could also serve as a seasonal / monthly rental.

Hey everyone, I converted my previous residence into a rental and have a VA loan locked in at 2.75% for 175,000. 

Does anyone have any experience owning/operating a short term rental in Blue Ridge (or surrounding areas)?

(c) The purchaser shall be entitled to all rents paid or accrued including oil and gas or mineral agreement rentals to the date of the redemption, and the rents must be prorated to such date.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

Mine certainly make more than my long-term rentals.

Not only will it have a negative effect on landlords, I would imagine some owners of single family homes will choose to sell to an owner-buyer, thus reducing the number of rental properties on the market, making it more difficult for renters to find places to rent.

Your insights on potential risks and pitfalls associated with this acquisition would be invaluable in guiding my decision-making process.Thank you for your assistance.https://www.biggerpockets.com/analysis/rentals/8cd3ed2b-b98d...Thanks, Krishna