There is some institutional interest there as well, just something to keep in mind from a competitive standpoint.

Eventually we would like to fix up the short term rental in the Smokies as well, thinking that we could do this for approx. $5000. 

The numbers do not work well with managers in 2024. 

If you could renovate and split off an ADU or even apply to turn it into a duplex or triplex (although that will cost plenty of money with new kitchens, utilities, etc.) that could very well be worth it.

The good Realtors comprise (IMHO) only about 20-30% of the industry.

Anyway, as mentioend, you really should take Title to the LLC and get a commercial loan.Trusts are mentioned a lot as well. 

Well..everyone's story is different.

Well I’ve kept the rent rate on the low end, not a great investment strategy on my part but fear of vacancies had me under thumb.

I'd want to understand the vacancy a little more as well.

With minimal risk and a clear path to profit, this deal aligned perfectly with our strategy of maximizing returns through strategic, well-timed real estate investments.