I have acquired my 1st rental property! I'm wondering if this is a good deal & if the numbers are profitable or if I should invest somewhere else?
It's a single family house. 3/2/2 1000SF. Bought for $160K cash, ...

...Dumb.
[Sorry to be mean.  My comments as an owner -- rant ahead]
Seriously.  How much are you guys paying for your "lists".   How many of you think buying a list of: owners that got a red tag.  owners that got an...

 We have officially entered the "Hiney Showing" phase in the Smokies.  That is, homes being offered for less than what was paid for them very recently.  It's all a part of the boom/bust real estate cycle in resort are...