Makes sense though - it's like pricing, it's very easy to price units in a condo building since they are all so similiar vs a custom home which can be very difficult to evaluate. 

Tends to attract a younger /trendy crowd.

Instead, focus on attracting the right folks who align with your investment goals.

These markets will rise until either a bunch of new supply starts coming on the market or there is a shift in population trends.Focusing just on cashflow often attracts people to areas where there are other problems.

There are many high demand section 8 communities in Michigan because not all landlords cater to section 8 so tenants are happy and stay if you provide attractive housing for them.To Your Success!

LTR or MTR so regardless of rent style you can go for the long, mid or short.Dayton, OH and Indianapolis, IN are two great cities that my California customers have found great 2-4 units over the last 2-3 years. 

Potential Middle Ground: Consider Renovating: Instead of selling, you could do a light renovation on the older property to increase its value and attract higher rent.

When you do the math debt-free is not all that attractive.

Ideally, an individual landlord who self-manages a 2-8 unit property where you rent the majority of the building. (2) Creating a valuable offering: In business, you have to think about the problems your target customer has and then find a way to profitably solve them with a valuable offering. 

I think the customer service, amenities, and ability to make the stay stress-free for the guest are the biggest advantages once you are booked.