I clearly don't know the market or this property, but 9% vacancy does seem fairly high given the shortage of rental units across the country.  

I thought I'd share some of the data I produced as it may help you in your evaluation of this market.West Michigan and particularly Grand Rapids is experiencing an inventory shortage of available homes to purchase and rent.   

Oversaturated Poconos STR market means dire labor shortage and not easy to find any of these things

Fortunately I am used to it as I went to Ohio State and get no shortage of perspectives from buddies in Columbus.

And the housing shortage is keeping demand high and prices high in the area.

Rents are strong and the housing shortage here is not getting any better.

The numbers worked and there was a shortage of housing due to hurricane Michael How did you find this deal and how did you negotiate it?

My crystal ball tells me, with lumber prices so high, labor shortages in the home building trades, we are not in a bubble.

There is a shortage of housing in our area.  

And anyone you dub as "the real deal" could have an emergency tomorrow and flake out on you.We have a critical shortage of capable tradespeople available for private hire on a small scale these days in America.