Assuming your debt is SUPER cheap and only costs you 12% you’ll save $22,800 TAX FREE  So the combination is saving $60k at 12% (or more) is $7,200/yr and $130k in the bank at only 4.5% is another $5,850/yr  so you’re over $13k GUARANTEED instead of a chance to make $7,200 before taxes  

You can’t ask for a good cashflow amount, only a cashflow rate of return. 

1st step is to make sure that the electricity is rated for having electric heat by the electric company.

The PM will know more about rent rates and trends, ensuring your property is rented for top dollar.

.: Quote from @JD Martin: The 1% "rule" is just about dead everywhere outside of the midwest and some places in the south that are still relatively cheap.

This means the rental rates are average nothing to write home about, but the increase you'll get in appreciation is amazing, but not liquid until you sell. 

Interview them of course but for the most part they are hard workers that are cheap or free. 

Vacancy rate, insurances taxes, interest rate, repairs and maintenance.

I am responding as a consumer not a STR owner we had one its lasted for us for exactly one tenant then we felt it was too much work for the return  on investment we do much better loaning money and buidling new homes than to worry about people goofing up our homes :)I do have some MTR you know fully furnished homes in Vegas and those are money makers for us top of the line tneants paying double the going rate for rent.

We were able to negotiate a buy down on the interest rates.