They ran up the mountain and just jumped down.

@Amber DouglasIf you are confident in renting the 6 unit and have funds to carry you through the rehab and lease up then it all comes down to the numbers.

And some mistakes were made by tradesmen but looking back I didn't ask the correct questions or have the knowledge to make certain they wouldn't make mistakes (such as knocking down a vented chimney - that happened once and although it was on the roofer I now know I must make certain the roofers know the venting situation prior).I'll close with this - when I worked in film and was a lowly production assistant a higher-up said "You know what I like about you?

I live at home with my parents currently and am trying to save money for a down payment. 

Hi Jay,Thank you for that break down, it gives me a better understanding of narrowing down my option to which state to invest in first.Miguel Suarez

or will it start to die down?

That means you'll have to put in at least 20% down.

Pigeon Forge is as recession-proof as an area can be due to its close proximity to half of the US households, meaning 1 day's travel to get here so I can only imagine what other tourist areas are feeling.Besides our STRs, we also have a 94 key motel, and reservations for it are down also, right now more comparable to our 2021 figures.The last couple of years have spoiled us with revenue figures for sure.

You could have a property purchased and renovated by then or even a small condo/townhome to get a head start providing the HOA was reasonable.

Replacement cost approach: Used for things like insurance to determine how much insurance you need if for example the house burns down and needs to be re-built. 2.