I know Kilington and Stowe are strong but I thought being a little closer to major metros might help and the info I'm finding seems to support.

Are you finding it to be a major concern for buyers, or do they seem willing to overlook it in certain areas?

Quote from @Rafael Ramos: The vast majority of investors with real estate "empires" use property managers.

I've overseen major construction projects and remodels but I would not be doing that in this case since I'd be out of state.

I very well understand that the majority of people can't imagine this, but for instance during Covid many people I knew disagreed with the forced vaccines and such but were too scared to stand up for themselves.

This thing has major reno needed including fire damage mitigation.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Because at some point you may additionally have a major event/appliance failure and a large expense will make it even more expensive mistake. 

I've done major rehabs, owner financing, private money, partners, out-of-state investing, and Airbnb but still prefer the good ole long-term buy and hold.

Insurance costs like that mean the majority of the value is in the building, not the land, so perhaps that $1.6 million property has a building value of $1.3 and land value of $300k.