Quote from @Sara Valentine: I have rented my personal home as a fully furnished/lots of amenities 3 month rental jan, feb, and march the past 3 years.

Home prices are one, cost of living and relatively disaster-free weather keeps insurance costs down.You can look up the median home price for every city or metro area.

Here are a few things that I like about the neighborhoods in Indy compared to other states: high rent-to-home-value ratio, consistent and gradual city development, relatively low property tax and insurance cost, affordable renovation service cost.

Quote from @Paul Zofsak: Russell, what's the advantage of filing on my insurance if the HOA is liable?  

What seem to be the best zip codes for rentals?  

That's $1,600 per month plus to pay debt, plus at least $400 in taxes and insurance.

https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...Short-Term Rental Loans: What Are the Options and How Do DSCR Loans Stack Up?

That said, even with conservative rental income estimates, my living expenses would eventually drop to several hundred dollars less than what I’m currently paying in rent once the house hack starts generating income.I do have cash reserves to weather some rough patches, but the idea of pushing my budget this hard makes me uneasy.

With insurance rates going up, best to find areas with the lowest operating cost.

The demand for vacation rentals in places like Destin, 30A, and Panama City Beach remains strong.