The question is, how much longer can they afford to pay the Property Tax and Home Owners Insurance in S.

The housing affordability has gotten crazy.  

-If and when recession does occur, the Smokies are still one of the more affordable vacation spots versus flying somewhere. 

If the vehicle has monthly payments, you should consider selling it and buying something cheap and affordable.

The way prices have been going up in these areas i wonder if i will be able to afford any when(if) i move here.

Having a high personal income whether its self employed or W2 earned income is a nice luxury because it affords you more runway when encountering future borrowing hurdles.How long before you can use rental income ?

We are in a position where we could afford to pay for both my primary residence and this short term rental if things didn't work out.

In Health,Sean

And if one roommate leaves, I want the rental to be affordable for remaining people, which is important because roommate situations fall apart all the time. 

Unfortunately, for my clients with less purchasing power the current climate is making it extremely difficult for them to purchase a home that they can afford and at best, "like."