Most of our investments we look at IRR (time value of money) to determine which investment is a good fit for us at this time - which factors in returns, risk and time of investment - is it a short term investment we want to get appreciation play or long term fixed income investment.

Just last month, from what I read in the Wall Street Journal, there’s been a growing interest in these more under-the-radar markets.. places like Casper that might not scream top-of-the-charts popularity, but quietly attract buyers who appreciate untapped potential.

You can also follow Richmond-focused real estate groups on social media and LinkedIn, and work with local agents specializing in investment properties to stay on top of deals.

If you have two full baths it will appeal more to this group.The downside in Phoenix to a MTR is I am not sure you would get summer occupancy if you aren't the top location.

I would pick a major tourist destination where it wasn't saturated with STR's already.That would take some research but you could google top vacation destinations and find a place you would go on vacation.

Austin and it’s surrounding is on the top three list for highest decline and short term rental revenue.

Based on what you told us, I dont' think Reunion would be a great fit.

Your Lender My suggestion to find #2 & #4 would be to go to the top of this page and click on FIND AN AGENT & FIND A LENDER.

I am not familiar with Horn Lake and the economic conditions you mentioned as a CON, but if you already have those concerns, on top of a large rehab, which typically don't shrink as you get started, and being OOS and needing a PM team, you may want to consider other options as you get started. 

OSU enrollment continues to grow and it ranks in the top 10 in the nation for highest enrollment to lack of housing ratio in the nation.