I had an inquiry today from someone interested in buying a condominium in the Pigeon Forge area to rent out. I am going to put this as bluntly as possible:  Condominiums in the Smokies are not good investments. They a...

My expection is at that rent point, all inclusive Pm would be at least 10%. 

The Charlotte area population is expected to soar by 50% by 2050.

. - Expect buyer competition.

Quote from @Andrew Steffens: I think going into an STR purchase with reasonable expectations of cashflow in this current market and rate environment is admirable. 

With the fires in CA, you can expect materials and contractors to become even more expensive. 

If you are new to investing we also need to spend some time somewhere, maybe 1hr to talk about your expectations and the realities of the market and see if there is correlation.Interestingly enough I think with the NAR lawsuit some expected commissions to go down. 

Use caution while investing - don't expect things to go always right all the time. 

There are several companies that send letters and some are active on Bigger Pockets.However, I would caution you to set expectations appropriately.1.

Below is some copy & paste info about our methodology:----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?