Other local lenders I have used recently do not have very favorable terms. 

What percentage do you typically allocate to this with your properties, or when you are assessing a property?  

If these houses have stable long-term tenants, I share your concern.

You should look at AirDNA for information about short term rental in the area.

For a new agent to land a listing they typically over promise a seller a high price to win it and then spend money trying to find the magical buyer to purchase it.

By focusing on cost-effective improvements, investors can significantly enhance property value.By first Identifying which renovations offer the highest ROI—typically kitchens, bathrooms, and curb appeal. 

But I see people turning long term or highly appreciated primaries in to rentals.

Most out-of-state syndications or hedge funds wouldn’t typically consider the cities you mentioned.

Purchase price: $237,000 Cash invested: $11,850 Converted my primary residence to a Cash-Flowing Rental Property to a Section 8 Long-Term Tenant in a Class B neighborhood.Purchase in Sept 2019 Purchase price: $237,000Cash invested: $8,900Converted the Game room and Office room to a standard bedroom to make it a 6-bedroom 3.5 bath which increased the monthly rent from $2,400 to $3,215.

The current one lasted 8 years and needs to be replaced (as per what our property manager is saying)I heard front loaders could leak, so I typically only do top loaders for rentals.