The asset was purchased for $20.2 million with assumed fixed Fannie Mae debt at 4.91% (term through 3/2034).There was a good bit of understandable discussion about the terms…how we mitigate risk for ourselves and investors.

Good luck! 

Good contractors are hard to come by as I am sure you know.

I don't think they'll make good wholesalers.I know 1 that works at Starbucks now, another started a house cleaning business. 

But since you asked, my brain says Gatlinburg will continue to be "good", as it's been for the last 7 decades.  

I truly wish you good luck, but please be ready to pivot to something else. 

Good luck.

Testing them out see how it goes, but initial experience has been very good.

You guys think this is a good deal?  

I didn't expect the floors to be as good as new but I did expect there to be a stop in the progression of the problem.