I recently compared the numbers for the no/negative appreciation style markets with the no appreciation but good cash flow markets.

In other words, are you interested in fix and flip model?

Since your in New Mexico, what's the architectural style and approximate age of the house?

Below are the models I’ve used (confirmed insurance and taxes with insurance quote and auditor website) at the low and high end of rents.

I'm still deciding what to do about them, but these floors are fir, not hardwood, the paint is likely lead-based, and the painted floor (in the bedrooms) fits the house's style.  

so i would only look at appreciation as a bonus not as a given on your model

Getting good rent comps is essential, especially if you are making assumptions that can make or break your financial model.  

my rule, others may say otherwise but I'm not in the volume game, real estate is my current Business, and I prefer quality over quantity.....just fits my style best.

Is that too much of a margin to still make the business model work?       

And some weirdos (like me) bake in a lot of "what would happen" scenarios when we're doing financial projections trying to model out a pullback and we have a bunch of money sitting in bank account earning 1% as a "just in case" reserve fund.