This is rather long, but I feel that providing as much insight into our unique circumstances is important.

Now I can build something unique to the Smokys at a lower price per sq ft including land acquisition. 

In my experience, a high welfare rate in an area isn’t automatically a detriment it depends on how you structure your investment and manage your properties.Key considerations:Tenant screening & management: Even in areas with higher assistance rates, thorough screening and clear lease agreements can mitigate risks.Market dynamics: Areas with higher welfare numbers sometimes have more stable rental demand because tenants rely on assistance programs, which can reduce vacancy risk.Local laws & support: Understanding local landlord-tenant regulations, eviction rules, and available support programs is critical to protect your investment.Property type & location: Investing in well-maintained properties in desirable neighborhoods, even in high-welfare areas, can still yield strong returns.Ultimately, it’s about balancing risk and opportunity.

Of course, you could also turn that space into something unique for STR.

You either go:-- Small and unique couples getaway.

Quote from @Kelly Schroeder: New construction offers low-maintenance rentals but comes with unique management challenges — like HOA coordination or warranty follow-ups.For property managers working with new builds, how do you keep the momentum smooth for both owners and tenants?

It’s a really interesting niche with unique dynamics.

It sounds like you have a really unique niche, sourcing international deals in the Dominican Republic.

I really liked checking the OMG tabs and the idea of Airbnb launching unique houses. 

And regional markets are dysfunctional in their own unique ways.'