Easily the difference between getting referrals for new clients and getting unfavorable reviews.I also do respectfully disagree with the idea which many here echo'd that there's 0 benefit to a PM when owners property appreciates....when properties are worth more they rent for more, and PM's will earn higher mgmt fees and higher placement fees all while providing the same exact service. 

It can also be a a good market for appreciation IF you know where the path of progress is.I disagree about South Bend being on a downward trajectory.

Others may disagree with your findings but I found the info helpful. 

Many landlords disagree with this policy but that is because they fear having to protect their investment.You have a lot of money tied up in your investment, always put yur needs first and reject any applicant that may place you at risk.

@Scott Trench agreed on most fronts.I disagree building a business is a job, or at least that it's inherently a job.

I 100% disagree with the premise than an investor has to choose one or the other.As an investor, why are we not looking for cashflow AND appreciation? 

Its not, Its ALL about price, think about it :)  Respectfully disagree if your doing fix and flip to resell to homeowners its critical for rental purposes other than low End section 8 its also important.. renters want good schools also.. buyers its paramount.. 

@Lance Turner I disagree with virtually all the responses.  

I would disagree that short term rentals have more wear and tear. 

I respectfully disagree.