The area you love is loved by many folks and should do well if you can buy it right and get some decent terms.Reach out to @Avery Carl at the https://theshorttermshop.com/ They have the pulse on the Smokies as well as other areas.

Most lenders do not like these lower property values because they are too risky of an asset class, little return in interest and fees, and long term financing will be an issue as well.

As well as moving from higher cap ex exposure to lower cap ex exposure.Cash flow may go down but when the other components of the IRR go up ( appreciation, depreciation, and amortization of the loan) your IRR goes to the moon and more than offsets any drop in cash flowJust make sure you stress test and can withstand any drop in cash flow.

I’m thinking about going with them as well.

I hope it goes well! 

The property management side, realty medics, could use a tune up as well. 3 day notice not posted until the 17th after me hounding them.

Well priced properties still get jumped on pretty quickly - we have a smart pool of local and of out of state investors.

check out Bilco company egress window wells on google, the things are coolhttps://www.bilco.com/category293/Egress_Window_Wells

This is not to deride a program like AppFolio, which is well-suited to small companies (under 100 units or so).

Plus, you continue to build appreciation through mortgage pay down, as well as market appreciation as well.Timing is up to you… now if your potential new investment will cover the higher interest rates you see today.