Basically rent caps and no fault evictions are more strigent on the landlords.

They gave the rental income cap rate of beachfront properties, but gave the avg price of a homes two to five miles from the beach. 

Bringing the gross rental income to $5,800 - $7,500 a month before expenses and cap x. 

300k - 5% down at 7% yields about 2800 mortgage, PMI, insfor easy number after reserves for cap-ex, repairs, vacancy, water/sewage - $3800I do not plan to live in the property.

A lesson to remember,  under the newer VA rules the cap (eligibility remaining) really only kicks in if you want a second property. 

Depending on your budget I would check out a multifamily near Clarksville (army base) or an Airbnb in Gatlinburg (year round season and 10% cap rates) 

A bit long on the payback but add in any value increase to the property from doing it, including its increased attractiveness to condo conversion down the line, immediately better cap rate, etc...and it could be worth it.  

This includes getting comps or an appraisal to verify value, lenders title insurance,  a proper note and mortgage,  and you must be listed as a mortgagee on the borrowers property insurance policy.Our lending criteria in our lending business caps our loans at 65% of the after repair value and we control all rehab funds as we hold them in escrow. 

Depends on the cap rate for a given property. 

Never trust anyone's NOI or Cap rate figures.