All Forum Posts by: Jon Lostetter

Thank you so much for all the replies. This really helps! 

Hello BP! My wife and I are looking at purchasing our first short term rental property in the Gatlinburg/Pigeon Forge TN area and were curious about comps/appraisals.

What we seem to be finding is the houses/cabins used for STR are priced higher than comparable properties in the area. Does this hold true for an appraisal? Will an appraisal come back higher because they would factor in the potential income or would an appraiser stick to the facts ie property size, br/ba, sq ft, finishes etc.

We're excited about getting our first deal under contract. Thanks in advance!