Am in market to purchase a cabin for STR investment and scouting the area in Zillow and surprised how inflated the prices are.I selected few houses and did a math with rental numbers and my monthly operating costs and am loosing minimum of 10% is this right time to buy cabin in Smoky's or wait?

I have been considering my original question due to the risk of loosing this property, as well as the others.

This will keep them fixing up the small things, like loose mirrors, before it becomes a couple hundred bucks and keeps you out of the house doing the small things. 

I would like to use the Vacation home loan again so to meet one of the criteria's I need to be 50 miles away which puts me more to the western side of the lakes area, and I feel like I will loose some seasonality because there is only one ski resort to the west.

But for people living out of state to try to buy them and then put all their eggs in the PM basket in that particular market well that's just playing Russian roulette in my mind... you may do well but you also may loose it all and that I know is a fact.

Thats why your PPM says several times throughout the document that you can loose your ENTIRE investment....so invest what you can afford to loose. 

I recommend setting up keyword alerts for each area as they are discussed in the forums daily with advertisements posted in the BiggerPockets marketplace hourly.One thing to note when looking at the individual markets, you can make or loose money in any market.

Its hard to walk away from $4,000+ for 5 hours of work no matter how good you are if you have really any loose time in your schedule (which again most honest agents would agree that they typically have a bit of loose time if they aren't carting around tons of 4 month shoppers).And since many of these comments are loaded with dishonesty, half truths at best, severely biased answers, etc. all you're proving is that a lot of full commission brokers start out their relationships answering questions like these from a completely dishonest perspective.

What if one gets loose and harms a passer by?

@David TsedakaHahah I totally would do that but per Florida law I would loose my license:( I will let you know though!