This could be happening to you as well. 

Going to do short term rental as well. 

Well, here goes nothing.

Bought under value and currently adding a couple more homes and have brought two new tenants in as well What was the outcome?

The one negative is with multiple tenants in a house is potential for conflict among each other but could be reduced by screening all of them well. 

@Jon Taylor explained it l well.  

Know the market well.

As Shawn mentioned above insurance is going to be a HUGE deal in Gainesville as well as HOA's.

If you want to establish a long term relationship with someone who lives eats and sleeps creative financing and loan products - I recommend getting in touch with a well-versed broker who manage the relationship and introduce you to competitive products in the market.

However, there is a specific deal Which I find hard to understand the ARV for.It is a Single Family Home, 2 Bedroom 1 Bathroom, 850 SQFT.These two comps have a price gap I find hard to understand, even when considering the difference in renovation level.If anyone knows this market well enough to understand the cause of this difference, and if it might be due to an issue with the location, or if there is anything I am missing.Comp 1 - 1011 Elm Street, Burlington, NC, 27217 (120K)Comp 2 - 1109 Walnut Street, Burlington, NC, 27217 (120K)Comp 3 - 1505 N Park Ave, Burlington, NC, 27217 (180K)Thank you!