I would suggest not looking in the"hot" markets. 

Ohio is hot !!

I plan to follow the same model when I get one set up for STR this year, but for me I want to also make sure that it can still cash flow as a LTR just in case laws change, I want a backup that will still work.

For example if you have a mom and pop tenant based on 17 bucks a foot rent because that is all their business model can support but a national tenant wants the site and can pay 22 because of location not only can rent potentially increase but also that new tenant value can be a massive difference.Mom and pop at 17 a foot and an 8 cap for instance.Say 4,000 sq ft box X 17 = 68,000   (8 cap) = 850,000National tenant at 22 a foot. 4,000 X 22  = 88,000  (6 cap) = about 1,470,000There are expenses involved getting the new tenant but value difference can be massive.Leasing brokers can perform a (void analysis) which not only looks at rent comps for box size but also what existing tenants are in the market,saturation levels, and what possible tenants optimally could go in that space.    

I have seen hot water heaters in bedroom closets but not furnaces.

I looked at a property today that just came on the market that is priced at $250,000.00 in which the ARV is between $490,000.00 - $510,000.00. I am estimating that rehab cost will be around $85,000.00. The biggest cha...

Many food concepts are going straight to a model that basically uses a shared commissary to produce meals for meal delivery

I like their model. 

@Gary ParilisEquity Trust is a custodian, and does not offer or support the checkbook IRA LLC model.There are a variety of pricing models in the custodial range of services, from asset based to flat fee-per-transaction and a variety of hybrids. 

I use Zillow, Rentoneter, Apartments.com, trulia, hot pads, etc.