People love to make landlords and/or STR operators the "bad guy" and ban the short term rentals (see Boston, Cambridge, Somerville) but when they make AirBNB the bad guy, they (gen pop and politicians) dont address the real problem which is no new construction and major limitations in zoning or redevelopment.There is a way to have both STRs and a healthy housing market, but the problem is everytime someone tries to modify a dwelling or build a development all the NIMBYs pop up and kill it and then complain that rents and prices are going up.

Hmm, that is a healthy budget.

If you have a healthy market then your rent should be fine at/a hair below/a hair above market.

I can also update the residential units once they are vacant for a healthy uptick in my rent.

@Jake Snavely paid 9k for the Florence property and 35k in Athens, looking to owner finance them out so not the same strategy, returns are healthy however.

I have two rental properties (SFH/Duplex) with a fairly hight debt to income ratio as result (~40%), but have a solid government job and plenty of investments in financial markets to be considered financially healthy.   

I think it's healthy overall to ensure citizens have a fair chance to enjoy home ownership, the opportunity to invest in and benefit from owning real estate preventing it from being heavily limited to investors.

@Michael Sontheimer-  most  lenders will use your  the  scehdule E  from your  tax returns for the past  2 yrs  to determine the   rental income that is usable for  qualifying for a loan ....so  if you have the ability to make this  schdule as  healthy as possible  - you might  consider this  ....if the  rentals  have been owned for under a year - the lenders  may use 75% of the  lease  amount  

We're in a healthy financial position but with it being our first one, didn't want to dump all of our liquid assets into it.

Quote from @Geoffrey You: @Jack Seiden, our price point is around 600K-700K That’s a pretty healthy price point, could get a pretty nice single family home at that point.