I think the experience of the operator is the biggest risk factor we see.

I agree with Chris.I would recommend you partner with someone with experience as an operator.

Important metrics will be population growth and job growth diversity (avoids boom bust industry like mining or oil), population growth, new construction, and I look at median home price growth and rent growth. 

A friend of mine recommended Zillow as well.

Curious on how you were able to get the  OK on a "special permit;" mine is a also detached garage, except the neighbor next door seems to not want this property to be run as anything more than a single family property and have made it known.

I've recently started an eviction on a S8 tenant of mine in Detroit.The process will be identical to a normal, cash paying tenant with one big exception.The housing authority will continue to pay the voucher amount during the eviction process. 

I will lever it lightly with assumable debt, or not at all, and keep this conservatism going until cap rates are ~100bps above interest rates on property of reasonable quality and nearby where I live and operate my business.If that happens next year, I’ll cash out refi to a moderate debt level and buy!

@Alex Withorn Mine isn't necessarily any big secret, but reaching out to guests to fill a day before and/or after their stay that is open has been great for our overall revenue.

My family owns REI Nation and Premier Property Management Group, and while we primarily operate in the Southeast, we have one of our main offices in Southlake, TX.If you’re ever in the area, feel free to stop by and meet the team.

Do you have any interest in working with a local turnkey operator in AL to help you acquire a completed property with a renter already in place?