But in your situation, if I had to rank buying in a place that allowed STRs and buying in a place that had slightly better numbers but was less secure regulation-wise, I'd opt for the former.

It may not make sense for you, but exploring all options is wise in my opinion!  

Quote from @Jordan Frisco: Quote from @James Wise: Quote from @Jordan Frisco: At age 29, I am choosing to invest in real estate to better the life I can offer my newborn child.

Quote from @James Wise: Quote from @Alev G.: I just listened to the latest podcast episode where the hosts recommended metros for investing but they are geared toward single family homes.

Choose wisely.""

@James Wise - Thanks for the heads up on Cleveland.

But wondering if I am being wise in investing in this house with the cracks issue though the price is low as per comparables. 

I expect without furniture you can expect a build to run from $175sq ft for plain Jane cabin to $400+ sq ft for a unique design with custom cased glass.My design is in between so I am expecting $225 to $275 sq ft with a $50k well allowance and $20k septic allowance on what I call a medium grade slope for Sevier County.I am choosing to build because out of the about 2,500 cabins on the market right now only about a dozen interest me design and location wise and they are wanting $400 to $600 a sqft.

The right advisors can help you design a structure tailored to your goals, saving you time, stress, and money as your portfolio grows.Investing wisely isn’t just about finding the right properties, it’s also about protecting what you build along the way.

I bought the duplex with a hard money loan and used my cash to rehab the property instead of refinancing it into my conventional loan.I recommend starting with a duplex.When I refinanced from a short-term hard money loan, my property had to be appraised.Cost-wise, I didn't have to spend any money, it was factored into my new loan.