I am a real estate broker and property manager based in Clarksville, TN and I specialize in working with investors.

,I have sold and been managing properties that are near the MIA and haven't had any complaints from residents who are living in them.

Having a great self-storage facility software for online management is key!!

You can manage your risk. 

Long term rentals are easier to manage and come with less risk.

Are you currently self-managing or do you have a management company?

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

A major part of the success or failure of an STR investment is the design, furnishing and management plan.

I manage hundreds of rentals, thousands of renters.

Then make sure there are ample property management companies in case you'll have any attrition.