While you may be able to make 200/door you probably lose that with lower appreciation.I would run some numbers on new purchases in Denver and one or two Midwest markets (using zip codes for household income to identify your b- neighborhoods) and see what makes sense.

While Limited Lodging is a permissible accessory use to Household Living, it is not permissible unless (i) the unit is the primary tenant's principal residence and (ii) the tenant lives in the unit for more than 6 months.

I like the idea of helping people get into housing and really it is hard for a lot of single people or 1 income households to afford housing. 

Chlorine will KILL YOU .   

Toledo's population has shrunk over 5% in the last 10 years, It has a median household income of only $39,155 vs $67,521, a poverty rate of over 25% and a higher than average unemployment rate, lower labor participation rate and lower job growth rate than average. 

Like other mid-term rentals, I assume you will supply all furniture and kitchen/household equipment? 

B-class rental property criteria: Major airport within 50 miles, Population of least 150k in the MSA, Zip code has: Household income of $30k or greater, 100-250k median home value, last 10 years the population growth is greater than zero (no declining populations) and forcasted population growth is greater than zero. 

I grew up in Southeast Houston, Texas with my sister in a single-parent household after my parents divorced.

Although there are no foreseeable catalysts in turbocharging household incomes or population growth, there are no foreseeable cataclysmic events that should shake that up.

Cary is one of the highest average household income areas in our market.