Quote from @Bill B.: I wouldn’t purchase a STR property anywhere it wouldn’t work as a MTR or LTR unless its local economy is based on STR.

Like selling say sec8 properties to get into class A/B, because the $ is there and want easier operations, less headaches, etc.. 

Third, I was reading Small and Mighty (thanks Nathan Gesner) and found myself doing a "Wait a minute..." when he lays out that for B-ish SFHs he wants at least 6-7% rental income (after expenses), 3% appreciation, relative to the house price.

(A-B) Step B: wholesaler places buyer under contract (B-C)Step C: ClosingWholesaler (or PML) wires title company (not the buyer here) The funds for Step A contract).

We see a lot of success in the suburbs:Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

In class C+ to class B areas SFH, duplex, triplex and 4 plex.

Quote from @Bill B.: 11%?

This is largely because I can typically get higher rents in B and A-class neighborhoods without relying on Section 8.I’d recommend focusing your search on C and C+ neighborhoods, for both multi-family and single-family homes with more than three bedrooms.

Has been being negotiated behind closed doors for years longer than we've knownor B.

Good wishes for a successful future.Maria B.