I'm planning on spending 20 - 25k to get this set up and going, and if I lease it, rents in this area should be around 400 - 500, depending on how many bed/baths.

Example: Rent for 2 bed unit : 525.00(All dates for received, not postmarked) Rent: 500 if paid on or before the 1st of the month. 525 if paid by the 5th 565 (40.00 late charge) + 10.00 a day from the 6th on.

Water storage, jacuzzi, water bed, pool, etc.

The one I'm looking at is a 3 bed/2 bath 1000 sq ft house listed for $64,500.

It may cost more than a hotel, but it is nice to have your own things and sleep in your own bed at night.

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I had a tough time going to bed last night as I was imagining scorpions and black widows under my blanket.

What makes you think the turnover would be higher than if they were 2 beds?

When adding buy/hold SFR's to your portfolio, are 3 bed / 2 bath homes your ideal property?

It may be more than your $4,000 budget, but tends to make the house more attractive as a rental.If the front yards aren't large, you can do a cobblestone center surrounded by free form raised flower beds with a few resistant plants like junipers, and let the tenant plant their own flowers if they want them.