Plus nice that they don't have to touch the funds.

Many of up haven't been able to go and visit our families there for years.

A nice but rental quality unit gets 1500-1650 regularly in that area depending on the size and finishes.

For example, I know a lady in my local market that is very successful in the land business and has developed a niche that cashflows very nicely, without a lot of stress, as she puts it though I can't imagine how that is possible. 

We've made each other some nice profits, so we get to argue over who picks up the check at dinner.  :-) Congrats on those deals  I just have not wanted to take on hundreds of investors.. my one I did we raised half the one you mention ( 7.5 mil)  with only 6 investors so On a very personal level with each..

And here is my post on finding one: https://www.biggerpockets.com/forums/51/topics/1222774-expla...Nice post!

Throw in a few nice touches, like coffee or board games, to wow your guests.Keep extra linens, cleaning supplies, and essentials like toilet paper handy so turnovers are quick and easy.

A good tip is to reach out to contractors, visit local supply stores, and check out online resources for cost ranges.

Over the years I've noticed that it's very helpful to simply go visit in person your city of interest to get a better understanding of the market and the people that live there. 

Newer appliances, free nice laundry, 2nd floor, yard space, storage, clean bathroom, included heat, installed window A/C.Appraisal suggested the unit was worth 2,300 a month, which I felt was a bit high, so I listed it for $2,150 with no move in fee and a 2k deposit.