Be prepared to come in with additional cash to close due the the appraisal.   

If you sell directly to a homeowner, the issue can come back on you and bite you in the a...  

Thanks for the post!

@Ken M. rents are softening in the places that have had a lot of new units come on line.  

It is surprisingly easy to manage out of state and if you want more tips on how, check out Bigger Pockets book "30 Day Stay" on Mid Term Rentals. 

Welcome to the community, Timothy! 

You have come to a great place to learn how to build wealth and income with real estate.

@Jason Wray, The reason that our shop is pretty hot about your post is two-fold, we do all of the things that you are implying that we don't (other than government loans, we don't work in that space). 

well if I ever make it to the Smokies to see what the draw is  I will rent a condo then :)  I am just guess but I suspect folks that go there want to be in the woods and hear the birds and maybe some local mtn views etc.. or some sort of privacy they never get at home out east were there is not very much public lands close to where they live in the big city. ????

@Augusta Owens if you are looking in the DFW metroplex, viable tris and quads are harder to come by.