Eventually we would like to fix up the short term rental in the Smokies as well, thinking that we could do this for approx. $5000. 

It's great to hear about you starting your real estate journey.

I would think that might start to have an impact.

I started by placing my 1st rental property into an LLC (for this example, *JOHN SMITH PROPERTY INVESTMENT, LLC*).

I used money from my business savings earmarked for starting a group home for my mentally ill nephew, who has been struggling since his mother's passing.

Talking with an agent in a different state the other day and they started talking about this or that issue, that I never really heard about. 

Have you already started working with lenders to figure out which loan product might be best and what price point that might put you at based on that?

WOW,thanks for the info about the 6 months eviction period allowed for a purchase of foreclosed property in the state of Michigan. i am just getting started and this is a real BOMBSHELL to hear.

Simply put, there are a lot more co-hosts/managers like myself and yourself who got started self-managing their own properties around covid and are now afraid or unwilling to buy new properties at current prices/rates, but want to use their knowledge/experience to keep increasing income in the space. 

My first bookings were all for the whole unit so eventually I just gave up marketing as by the room b/c it's easier on my to do whole unit.