Enhanced the property with new lighter paint, flooring and bathroom / kitchen upgrades.

@Caleb Anderson I don’t think a two year lease is too long but I would go any longer - you want to be able to raise the rent on them if taxes increase in your area - have an attorney review your lease and make sure you are taking advantage of your states property code as it relates to landlords - each state is different - we have a lease break provision written into our leases - also a good real estate rental agent in your area can be worth their weight in gold - they will find better tenants (screen them all) and quickly put your house back on the market in instances like this

Guidance memos from the executive branch, carry the full weight of law.....but these are harder for people to locate because they simply dont know that they exist, nor that these are as much law as what the legislature writes in a bill.  

I am buying in Wears Valley because I like to think that Wears Valley renters may be slightly more mature and quiet on average than PF / Dollywood renters, and therefore a little lighter on the wear/tear.

I LOVE living in Raleigh but we are an expensive market comparable to Denver or other areas above our weight class/size. 

Apparently the span in the floor does not support the weight of the floor plus stuff so will have to run 2 beams to lift the floor back up...or maybe just rent it to staggering drunks, which was suggested by a friend. 

It also helps to find lenders that will give more weight to the revenue and expenses on the property itself.The national lenders I get loans from do just that. 

Performing note buyers formulate their bids off of UPB and don't give much weight, if any, to deferred principal.

A few things with Allure that I noticed is that the seams must be clean and dust free, to the point I make sure we put the wax paper the boxes come with over the seams unless another piece is immediately installed, and you have to use a weighted roller or equivalent over the seams to really make sure it sticks hard.

However if this is purely investment (is no plans to move in after some time), you need to objectively do the math on your expected return given what you think price appreciation will be over the life of your ownership ( @Leo Kotschenreuther makes an excellent point) , weighting the risk of a downturn and your ability to continue to fund this investment, and compare that to using your 500k +2k/month to fund any other investment (Amazon stock, bonds, passive investment in a syndicated deal elsewhere.... ) We are holding our San Jose MF, but I've stopped looking for my next deal in silicon valley... property here is all priced for perfection (ultra low cap rates, neg cash flow, smells like 06-07!)