When I started studying wholesaling in august, that's the 1st thing that the "information seller" said to do.  

You may be able to do the repairs yourself, but I'd encourage you to get the professional pest company to guarantee their work on stopping the termite issue.And, as others have said, depending on what the inspector finds, you can try to renegotiate with the Seller, ask for a credit, or choose to walk away from the deal.

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

Amazingly, it is apparently nearly impossible to get decent comps for this so I'm not sure how to approach figuring out whether to outright sell it (and for what price), fix it up as a rental, or market it as a knockdown for the land. 

I'm looking at a 15 year old for $1K, it from a private seller.  

I'm happy to share thoughts on Bryson City as well as other markets here in Western NC, including the greater Asheville area, if you want to set up a call.

Mom's 50% and Dad's 50% of fair market value.

Would love to know as well as it would be great to collaborate among colleagues especially since we have such a small market.

REI Nation manages 7,964 single-family rental homes in 13 U.S. markets, including Memphis, Dallas, Houston, Little Rock, Oklahoma City, and Birmingham. 

There could also be tax implications if the price is substantially under market value.