(2) Variable cost: platform fees from Airbnb and VRBO, lodging/hotel/transit or whatever pass-through tax your local AHJ requires, cleaning fee, cost of replacement for consumables, repair and maintenance, etc. 

We’re not just buying properties; we’re creating them—tailored multifamily projects that meet local demand and deliver cash flow from day one.

Here's the link to join the discussion group (note: This isn't my group; I'm just a lurker there).Then there's also another, even more active, group for STL-style investments (locally known as Alojamente Local): AL English.

I'll just add a local perspective: North Atlanta ie city, Sandy Springs, or Alpharetta?

You can find a lot of meetings on the MAREI calendar, both MAREI's meetings, local landlord group meetings and a few other meetings hosted by our members. 

What’s required for success in this is deep knowledge of real estate in general and the area in particular; experience in real estate and the local laws, etc.; and capital to pay for options, marketing, legal counsel, accounting, tax advise, etc.  

I find new lending opportunities by networking at local RE Meetups, Training Classes and real estate functions.   

Since I'm not a pigeon forge local, I also don't have a good feel for the appropriate cost of goods and services either.While I don't necessarily suspect anything nefarious from the management company, I don't now that our financial incentives are always well-aligned. 

I would recommend looking for local FB investor groups, most areas have them!

If you're considering mobile homes, the first step is checking zoning laws and utility access since some areas have restrictions.For resources, Mobile Home University is a well-known starting point, and local mobile home dealers can offer insights on placement and financing.If mobile homes are allowed, you could either rent them yourself for higher returns but more management or rent out the lots for steady cash flow with less work.