The price was attractive and the house needed some TLC How did you find this deal and how did you negotiate it?

The Smokies is such a popular destination (20M people annually) that we attract a lot of great people, but also some not-do-great people.

I would you advise for you to revisit the terms in which where you found the deal to be most attractive and add in additional contingency plans and vacancy rates to make sure you're security your purchase.

An agent who runs numbers like an investor and knows which deals are going to be attractive to them would likely be a really profitable agent whether the RE market is hot, or stone cold.

Or put another way, a devaluation of the purchasing power of a dollar.For those who like things that actually produce a long-term net positive, it is very hard to beat real estate.

Because very little is produced there, it all has to be imported.

It helps attract business (other agents actually ask for my rental by name) and attracts quality tenants. 

The fact that an FHA loan will allow you to utilize their 3.5% down on up to 4 units is exactly what attracted me, and many of us, to house hacking in the first place.But, little did I know!

I would go through with the deal but have a few plans on how I am going to attract a tenant ASAP.

It makes enough income to pay the mortgage and produce cash flow to me.