By positioning the property effectively and highlighting its strengths, we attracted motivated buyers quickly, ensuring a successful sale without the need for renovations.

It's the conclusion you came to before you wrote the post I know but bringing up the challenges might make you realize that you might have to offer a heck of a good deal to attract a potential partner.

Is 10% ($1,750) per month in simple, taxable, spendable interest very attractive after owning real estate that likely did not generate that kind of cash flow? 

it is definitely a viable strategy, but many people assume they will automatically be successful solely because... you must make money buying at those attractive lower price points!

This can make your offer more attractive.

The lower your price, the worst guests you attract, both in reviewing you and in doing damage to your furnishings. 

The irony is that this might actually attract more unscrupulous out of state investors. 

Debt is attractive to most people because they don't have the funds to do a project and instead of saving for years this is faster and easier but things go wrong and if you don't have reserves you can quickly find yourself in trouble.

I think of it as the rent where I can READILY attract GOOD tenants and also KEEP them more than 2 years on average.

They had an incredible view, which attracted a ton of weekend bookings.