I bet you are more like 3-4%. 3) Would you take a significant capital gain hit if you sold? 

Medium term rentals would be the safer option in my opinion due to the uncertainty that comes with STR's, your cashflow would be lower but overtime it would turn into a solid source of passive income.

That’s the best bet.

I bet the house we are looking at would be similar to the 30 year smoker's house.

I imagine it's similar to St Louis but I'd be willing to bet it has more going for it and better appreciation.Happy to share some resources, learnings, and even history/performance of my rentals I've had for 5+ years.

Leka Video Seattle PropertyHere is another where she encourages investors to look at ADUs Leka ADU post  @Jonathan Green I'll bet you are trying to scare us newbies from making big mistakes, But you are not very kind about it.

Welcome to Bigger Pockets Edwin,It might be safer to start out with a house hack or buying a light value add rental.I’m an investor based out of Columbus, OH.

A beach house is usually a safer more profitable investment than a condo.

I would hedge your bet.

Safer renter base.