It is 49 years old copper wiring and I have heavily invested in extensive rehab outside and inside, replaced most a/c and heating, Fully gated, no pool, also just put an all new roof in it without any insurance help. 

It looks like you have some really good advice from the others, but I do want to answer some of your other questions about who to rely on for deals and the kind of vacancy you will see.Most of the clients I work with rely heavily on the wholesalers in the Tulsa market, not just the real estate agents they know.

@Daniel Koch we invest heavily in the Pittsburgh market. here we buy single family and 20 unit apartments and everything in between.

My philosophy was to keep it at a $95/night min. even though many people heavily discount during the summer.

Personally, I see BRRRR as the best method of investing in REI (I'm sure this can be heavily argued).

I would think Seattle has a more stable job market due to the tech industry.....employment in Phoenix has always been too heavily dependent on construction and real estate (in my opinion), which is most likely why we have drastic boom / bust cycles.

They are heavily subsidized and their competition is tightly controlled. 

You might be able to download this data as a csv from MLS and create an equation, but overall I don't believe that this information would be very useful because value of land depends heavily on zoning and location.

Hi @Harrison Blaufuss Fellow SoCal member investing in Indy, there is a lot of homework you will do but at the end of the day you are relying heavily on your team, at first your realtor that found the house and has given you their future predictions of the area,  then your PM will tell you what they think of the home and area, if you like it and place an offer then after the detailed inspection you can call and talk to the inspector for a few minutes about the house and area. 

Logan is a heavily student rented area are you sure can keep renters during the summer months if you rent out to students?