You explained "STR arbitrage can be a successful entry point for somebody with the right situation".

@Anthony DiSanzoIf you're looking for low entry point properties that will stay in demand with a strong tenant base, I'd advise you take a look into the Memphis market. 

The very basics would be getting your furniture and shopping list together, keyless entry like Schlage (with backup lockbox with physical key very close as well), looking into insurance, local taxes for STRs, and moreAlot of ways to save time and make it easier to self manage with a property management software like Hospitable and data research like AirDNA.

I have no doubt he'll transform this entire corridor in the coming decade so I'm also looking closely at Hornsby Bend, Del Valle, and anywhere in the general vicinity.These are my top two areas where you can find low entry price points relative to both current and anticipated market fundamentals.  

There really should be a higher barrier to entry for home inspectors.

You only need to do the first payment line, then replicate, and make some minor adjustments to the first payment which gets values from the entry fields in the summary (header). 

If you're considering the Midwest too, the lower entry costs and higher cash flow might balance your portfolio.

https://www.newhavenindependent.org/index.php/archives/entry/landlord_lawsuit/?

The ones I manage total to 20 bedrooms.These rooms rent for between $125 to $225 per week depending on room size and amenities in the room (beyond basic amenities may include: Desk, Tv, private entry, tenant controlled AC, additional storage).This month after padsplit takes their 14.25% cut of the revenue I am recieving, from the units I own, $15,230 from 3 homes.

There are some great lower entry points in multiple C locations.