It's possible as well that many of Grocapitus' investors are simply not on BP.

Does the calculator factor that in as well?

Give The Ultimate Guide to Grading Cleveland Neighborhoods a read to see which neighborhoods fit your appetite for risk. 

Stick to areas you know well; this familiarity can greatly reduce risk and boost your confidence when making purchasing decisions. 2.

If we include investments in mortgage loans (trust deeds), real estate partnerships, REITs as well as direct property ownership, I’m at about 80%.  

The deal is risky unless you know the market well, have experience executing this strategy, and have accounted for the quality of the asset and tenant. 

Hi Jon from Boyertown, PA-You and your fiancé are interested in buying your first short-term rental and wonder profitable areas to purchase with a budget up to $500,000.I would look at places along the west coast of Michigan, Grand Rapids, Kalamazoo, and near Ann Arbor, MI.It is important to understand the local STR regulations in each community and partner with a property management company that can help your navigate that and manage it well for an excellent guest experience.Don't forget to look into bonus depreciation and doing a cost segregation study to increase the tax benefits of ownership and if you "materially participate" in the management of the property per IRS guidelines it can offset active W-2 income which most real estate cannot.To Your Success!

I would never ever let tenants go alone.. risk of theft and getting your property stripped or worse sqauatter is just far to great.

Quote from @Paul Lucenti: Creative methods tend to increase risk.

This happens all the time, usually with heirs, but it can be squatters as well.