Or when I lived in Palo Alto same thing  East palo alto schools and values were 1/3  all in the same area and same size homes. 

However it could be location,  Common area, size, laundry, tenant qualifications (in rough areas you are not going to get many tenants with unblemished credit), parking, look of surrounding properties, etc.   

The homes are reasonably priced for the size and bones, allowing investors to customize homes with renovation or interior design prior to being able to attract guests at the right price.

What are the lot sizes?

No formula can be accurate across the board because even “cookie cutter” properties next store to each other differ as to view, location to the street, topography of the land, lot size, physical condition of the property, past remodeling, quality of the mechanical systems, sunlight, utility bills, past use, etc.  

RE in all its facets has always interested me so that is a large portion of our investment strategy although we have others. 

They handle a large portion of the management process but do leave some tasks like maintenance up to you.2. iTrip Vacations Indianapolis:iTrip offers a full-service solution, including dynamic pricing, guest communication, and property maintenance.

In my view, the rules keep you from investing a sizable portion of your net worth on a lightly regulated investment marketplace.  

Most lenders will finance a portion of the property and 100% of the rehab costs.

Furnished mid and short term rentals will cash flow if managed correctly and you find the right location and property size.