Pigeon Forge and Gatlinburg TN, have not enacted an official ban on STRs yet, but they have pleaded with both the public and now the tourism business to stop trying to attract visitors to the area.

I prefer owning SFRs and small multi-units over the larger multi-units for a few reasons:On larger deals you lose control due to the syndication.You can't sell to a retail buyer if rents compress (the value of the property is strictly based on the income it produces).A mortgage payment on a larger building is harder to float if something happens (flood, fire, etc.) whereas I can cover the mortgage on one of my single family houses if it floods, and the odds of all of them flooding are very small.Hope that helps!

Hello Eylan, If I had to start over again, I would take the lesson for a single investor and find a neighborhood with the types of houses I want to fix up and live in, that produce profits up front from my sweat equity.

Better to have $100k producing $1k/month on 4 properties, each with 25% equity than from 1 paid-off property worth $100k.

You can and will attract some of the most qualified answers available here on BP. 

The comps were producing 1200/mo less than my property and were not rehabbed.

Isaac,Perhaps your investing criteria is too much and will not fit your market. maybe you are looking for a certain return on your investment that the area historically does not produce, maybe the average return is 8% vs a 10% return that you may be looking for, I am not saying you should switch your investment tactic, but just try to look into what the area is like by possibly talking to other investors in the area you may know.

So that means less to no sugar drinks, an emphasis on natural foods over packaged , and most importantly ... if lobbying allows it, drastically reducing consumption of industrial feedlot meat that is a breeding ground for new viruses as well as producing food that causes poor health.This virus was the wake up call modern day humanity needed, so if we're smart things will be better than before. 

Just wait, this COVID will produce a lot of long term deals.

It turns out that most brokers who typically will offer attractive refinance products (75-80% LTV) on an LLC-owned multi are currently frozen or are offering poor terms during the shutdown, which has no end in sight.