Make sure you buy it low enough to make it worth the trouble.

I like good neighborhoods, with sloped tile roofs, stucco siding, built in the last 20 years. 90% of Las Vegas SMF checks none of these boxes. 

Or try the reverse - rehab a property to Class A standards in a Class D neighborhood and try to get a Class A or B tenant to rent it.Unfortunately, many newbie real estate investors are jumping into buying affordable Class C rentals - expecting Class A results.

A property manager’s expertise in handling maintenance issues, dealing with tenant concerns, ensuring legal compliance, and keeping vacancy rates low can make a huge difference in the financial performance and sustainability of a property.

@Johnny Bartel Knowing what I know about Peoria, is there a certain neighborhood or nearby towns that would interest you?

Low value markets might be Pennies on the dollar like you allude to. 

Also, what are some other low cost amenities that I can add to my STR that will yield a higher ROI?

Margins seem low and the risk seems high.

. - This will allow low down payment and the 203(k) allows repairs to be financed into the purchase mortgage.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.

Curious...have you already identified a specific neighborhood in Findlay where you see the most potential, or are you still exploring the entire city?