Did you figure in realtor commissions?

I would be happy to share my experience in knowledge in this area (MA and RI) as I continue to look to build my portfolio. 

If you're wondering if rates are too low, raise them a hair in advertising and see if your number of inquiries drop.

Will mortgage rates ever drop below 3% anytime soon? 

They average 4-5 night stays, keep in mind im not in a vacation hot spot.

Assume a couple of months of vacancy, consider potential unexpected repairs (like HVAC or plumbing issues), and test the numbers with rents dropping by 10-15%.

Electricity can also spike in the summer with A/C.

@Vina Merrill,Went to college in Knoxville, current a BDM in Chattanooga, where I'm from.

Hey @Keagan Scott, so I don't have any insight into Gary, IN but here is a blurb -"Those looking to rent out their properties for less than 30 days (about 4 and a half weeks) will have to get a permit, pay a one-time $150 fee, and have a city business license.

Here in AZ you can look up the personal representative as they are appointed.