FHA will also not allow you to close in a revocable trust as most lenders will enforce a "Due on Sale" clause.FHA has a "100 mile rule" so you cannot use another FHA loan to house hack.

If it's around the whole bathroom, calculate the cost/sf to figure out if it's reasonable. 

How did you figure on being able to cover the mortgage? 

I figure it could be a good educational tool and potential for some additional income in the form of referrals, and my own purchase commissions. 

Comparable sales and engineering studies could get messy.

If it is a clean guaranteed $500 a month that's worth a 50k sale price. 

I am also in that market and you are correct the folks at Sevier county and in Pigeon Forge as well as the state folks with TNTAP are very helpful when it comes to figuring out all of that tax stuff.

I want to learn as much  as I can, and figure out a creative way of how I can acquire my First Multifamily property.

Hey Everyone,I know that there has been quite a bit of conflict as to whether an STR can be profitable or not, so I figured that coming to this community for perspective would be best.

Then on one question they couldn’t answer and said we will have to wait until your inspection to figure that out.