We are leaning towards a 10 year or so buy and hold property.

How many properties do you currently own?

Quote from @Phillip Austin: One of the best examples I found this year as to why you need a property manager (especially in Colorado).

So, we now find most areas where the cost of PM leaves but the general real estate passive investment ROI for the investor hiring property management.  

Quote from @Joy Daniels: As a short-term property manager I've seen how this industry changes so often—new guest trends, tech tools, and regulations seem to pop up all the time.

I wanted to see if anyone has any recommendations for the best CMA software for working in homebuilding.

It is also worth noting that property management is often closer to 30% of gross rent for a short-term rental due to the much more intensive hands-on management compared to a typical 10% for long-term and as such, I agree with recommendations above that medium term rentals may provide the best of both worlds if you are able to tailor proximity to a local need, e.g. hospitals and travel nurses.Again, happy to relay my personal experiences in the area if you're interested.Best of luck,Patrick

We have an STR/MTR management company in Indianapolis.

Look for properties with value-add opportunities that don't cost much money.