There is a chance their unit is also pretty dated compared to the others or others in the same neighborhood.

I also just generally compared to the 1% rule. 

You may find that you can rent a much nicer condo compared to what you would pay on a mortgage for the same number.

You should think about what you would offer with regards to your competition and compare rents.

I first want to emphasize to real estate investors, the difference between the tax treatment of rental income derived from an active trade or business compared to investments.

Quote from @Emory Clayton: I'm confused as to how to screen Sec 8 tenants compared to regular 'market rate' tenants.

Since they can't do each property individually, they use comparable sales to make broad generalizations to determine percent changes.

You’re are such at advantage compared to when I purchased my first property back in 2005.

Quote from @Bryant Brislin: Land in the path of development that may seem a little far out, but your gut/intution and common sense from an urban planning perspective tells you that some day, whether it's in 10 years, 20 years, etc it will be a great long-term position for your family to have and hopefully sell at a signifcant multiple return compared to what you've paid for it.

MTR is less hands-on compared to STR so that would help with the guest follow up situation.