As soon as it popped up I called my realtor.

So here's the gamble: I hold onto the $$ until this bubble pops and buy back in at the bottom (in my area, 36500 would be two down payments on two solid rental properties in a "normal" market).

Be careful in all of your dealings and be sure to pop back on here if something seems amiss. 

Given the relative ease of getting into the industry, these companies could pop up quickly.

This way, when the first loan pops, the second lender's underwriting dept won't throw up a red flag.Good luck.

Recently renovated and I don't foresee any issues popping up but of course I have a reserve if something does.

His dream home popped up on the market and he needed to liquidate his positions in order to buy the house.

I love the smokies specifically because of the long history with short term rentals (no new regulations popping up suddenly), low taxes, and obviously high year round demand.What I don't understand is the complaints I hear of rising prices and having difficulty reaching the benchmark 20% CoC return.

I think most people will set aside some money for repairs, but may stretch themselves too thin after paying the down payment and closing costs such that if an unexpected expense pops up right away, they don't have a good way to pay for it.  

My mom was on way to closing and then the lean popped up.