Regarding ARV: The only way your rents are going to be affecting your ARV is if you go with a commercial loan loan that is going to allow for the appraisal to be an Income Approach appraisal as opposed to Sales Comparison approach.

The HOA funds are limited and if something happens, there will likely be a special assessment; roof and/or exterior paint are the big ticket items that are near end of life according to building assessment. 

Typically houses/properties that have well water and a septic system have them in opposing yards, and code typically demands a certain distance between them. 

What are the pros and cons of getting in through the brand as opposed to buying one from a commercial broker? 

More like a one time installation as opposed to a company monitoring service.

Your TPA and lawyer will help you with this. 6.Annual administration and review- your TPA will do this review for you. 7.Independent trustee If you get sued, these elements are what the opposing counsel will be using to argue that your plan did not meet one or more standards.

That way, all of our locks are in the same app and have the same functionality.For exterior deadbolt locks (front door, garage door), we used this:https://a.co/d/2SFMNcy For normal interior locks (bedroom), we used something like this (the ones we have are currently unavailable, but this has similar capabilities):https://a.co/d/8C6nYenYou can create codes from anywhere without the locks having internet connection because it can create them using an offline algorithm.

We are not opposed to buying, but are primarily looking to build.

I'm sure you have to upgrade more and more to get consistent bookings.I would also agree that not as many people are willing to fly into the Smokies as opposed to flying into the Rockies or just going International. 

The key part to my opinion is that you have a single-family home with shared space, as opposed to a duplex or a two-level house which would be two separate "dwelling units."