It appears your property manager is telling you that property owners observe these general rules in your area. 

Any smallerunits just make them equivalents of a 10 x15. 3 5 x 10's= 1unitAlthoughI am counting them all as the same, the reason, I say count by sizeis for when you build.Nowlets calculate "Demand":Numberof units needed (Step 1) minus Number of units existing (Step 2) =Quantity to build.Town1:500- 400 = 100Town2:300- 100 = 200Town3:andso on.Thiswill help you pick which town you have the greatest potential forsuccess.

So far this December appears to be the highest monthly gross I’ve had booked for my Smokies honeymoon cabin.

I believe the right opportunity will appear on the right time.

Looking at recently close comps, it appears almost everyone is starting to offer some concessions.

Thanks in advance  I would try to find something equivalent or better than your current property.

@David Lund so it appears there is a lot of wiggle room then.

It appears you posted in the wrong group.

So, if a local market appears to put more value on the income a 4-plex produces, then the income approach may be relied on more, but that should also show up in the sales prices, since Buyers are more likely to pay more for the higher income properties, thereby causing higher priced comps. 

I still can’t figure out the numbers but it appears even if it was worth $310 they would still lose money.