Does my viewpoint make sense?

I wanted something that was around $100k-$125k...there wasn’t much in that price range to be honest and my realtor told me that from the beginning, however I was determined to find something and after one month of looking I did find my deal in a dilapidated cabin that was listed at $129k and we settled on $94,500 and went into contract. 

Do NOT offer above market rents, owners will rent to you if you solve a vacancy issue for them and are honest with them. 

If they can’t fulfill your needs at that point, at least you both gave it an honest try which will end with no regret if you go elsewhere.

@Meir GreenblattI think that would work honestly but where would I find a wholesaling company who hires people with no experience:(

Honestly, mostly investors with cash or first time homebuyers rather new investor looking to take a big bite on their first investment purchase (with some training wheels as I like to say) and swing for the fences.

@Crystal Smith thanks for the honest and blunt feedback - I really appreciate it. thanks for the closing costs estimator tool.Similar to my response to Tim, I struggle to find the value in this (and any investment opportunities thus far to be honest..) property with my lacking ability to target accurate rental rates & ARV.

I am honestly not super familiar with the process. 

The buyers will find you if your deals were good.So I’m assuming that you were spending your money on finding the deals.Spending that sort of money you’re going to need a backend system put together to make sure nothing falls through the cracks.I would honestly suggest hunting with a bow and arrow instead of a shotgun.You will save money and have a higher response rate with more qualified deals

Like many of you, I've made the decision to purchase a cabin for STR in Gatlinburg, approx. 500K in value. (I can actually afford two, if it works out, and possibly a third if I use a HELOC on my primary residence.) I...