You can't jump ahead to the building permit until the ZP is issued. 

Its always good to plan ahead and review your scenario to make sure you are ready to execute your next deal when you come across one rather than just wing in it and find out you are stuck between a rock and a hard place. 

I would visit https://syndicationattorneys.com/ for all the info you'll need on legal.

This is the perfect example.We have been using the leses and other froms from WLB for over a decade and I have seen them getting updated over the years, so I somtimes throw out a package of forms and order new ones to be up to date, but they are so inexpensive, its a no brainer.WLB has a store downtown Milwaukee worth visiting: they have all sorts of landlord supplies you did not even know you needed from print all the way to parking signs and traffic cones.

I am sure any investor with half wits in his head will go ahead and do his own math before deciding on a purchase.

If you can stomach some heavy losses in January and February (lowest revenue months in the Smokies) and May to a lesser extent, there may be better days ahead assuming this is your first STR.

Hey @Tyler Bilinovic, if you plan to purchase more properties go ahead and link up with an REI-savvy tax pro to form the relationship early so you're not scrambling as you're scaling.Even with just 2 rental properties an REI-savvy tax pro is worth the money.

Quote from @Douglas Skipworth: @Engelo Rumora, when are you going to come back and visit us in Memphis?! 

If the market is slowing down, it might be better to hold and wait for a better time to sell.It's great that you're thinking ahead and considering all your options.

Having a great mentor could put you years ahead of the curve.