Agree with what Jay outlined above.  1% is right around the going rate but things can fluctuate based on the specific deal, lender, capital available, etc... 

I'm hearing from landlords and managers around the country that they are dropping rents and still sitting empty.

prop tax's some of the lowest int the country.. my one prop is valued at 650k  and my tax's are 2k. 

I believe shared housing is going to become more popular, due to the lack of available housing throughout the country; and lenders, insurance, etc. will need to find ways to accommodate their use. 

I agree with Adam.

Being from Chicago, I'd tend to agree with you @Craig Jones those areas of Wisconson and & Michigan are driveable from a lot of those metro areas you mentioned, but I think the toughest part of any northern short term rental is the seasonaility. 

And that includes wraps .. wraps done right protect the seller and you.. investigate that avenue.Have to agree with you Jay….good advice as usual  

I agree with Laura, if this is a long term rental it would be hard to convince the tenants that they have cameras on the property that the owner controls even with all the stuff that you mentioned (does not turn, only for surveillance for crimes etc.). 

Agree Jay Parsons is a thumbs up to follow !

My PM already charged me for their diagnostic visit (a month prior), which we seem to agree is shady.