@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.

As for feeling like it's too much, you could review your policy with your insurance provider to see if there are any adjustments you can make to better suit your needs and budget.

Just set it at 50 and maybe break the off switch.  

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 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.

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

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

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.