Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

I also included a SWOT analysis for MTR in Las Vegas.Profitability Depends On…Mid-term rental profitability depends on four factors:Keeping the property filledThe ability to charge significantly more for furnished housingActive support of tenants, so we get good reviews.The right renovation components to keep maintenance and turn cost low.Success FactorsI believe the following are key success factors:Location - Not just near hospitals, MTRs must be in a safe and attractivelocation, with direct access to freeways, retail, and entertainment.Appearance - The property must be attractive, clean, and a good placeto live.

You mentioned about appreciation being the main component of returns.

See if what they teach you aligns with what it takes to be successful as a REI.So...What exactly are they teaching you?

Memphis offers several advantages that could align well with your goals.

One of them carefully looks through and tinkers with every component.

@Joshua MetzgerFirst rule is you need to "stop the scroll", so as others noted, high quality photos of the most visibly appealing components of the property.Professionally designed interior.  

True, these involve a real estate component, but really, you’re starting a business. 

A self analysis of these items should help you decide whether it makes sense to proceed with the improvements or if perhaps you are better suited selling the building as-is and re-invest your capital and time into projects that better align with your core competencies. 

Florence is a University town, plus a strong military retiree component.