I would check and see how many 1 bed and 2 bed options there are and what they are priced at because most folks will prefer the full place to themselves so rooming 2 people together could make getting bookings a bit more difficult (not always the case but something to consider)

You’ll want to invest in areas that have tenant interest but also aren't on the extreme end of neighborhood quality—this means avoiding the very toughest spots, where turnover can be high and managing tenants can be difficult.

Congrats on your success so far.Some random thoughts for you:- It might be difficult to tap the equity in the rental at this time given the current state of interest rates. 

It helps to know which plumbers or electricians like a remodel project vs a new build project.  

But I’d say the key to success is building a reliable team on the ground.

, but very difficult to DIY remote manage.

You can buy it built or build it yourself. 

If finding a new replacement is more difficult then get your new property under contract first even before your old property closes.  

I will post the outcome, this one has been the most difficult for me so far.

I know the founder and know that they've set out to build a platform that takes the best features of sites like Furnished Finder and Airbnb and leaves out the clunkiness and annoying policies and practices.