For buyers or their brokers with well capitalized investors, inquiring directly for verification of a property whether it has an assumable note is good practice while interest rates remain elevated. 

I must say that I am green to real estate investing as well, so any input that may be of help would be greatly appreciated.

Whatever rent income/expense we receive/incur, is it split the same % as well?

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.

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.

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.

So rentability is a factor for investment as well has potential to build good equity.