I live in Asheville and am looking at STR in the Franklin area - agree with other posters that it's sort of between more desirable destinations, but also seems that the lower prices reflect that.

Crime in Little Rock is significantly lower than most cities it's the way the city is zoned it looks high based on the old city limits and population.

I invest primarily in a lower cost area but also own property in, and am looking in, a higher cost area.

I do not have to do anything right now, I just need to learn, wait for the right opportunities, or create them - for example by trying to use subject to and take over someone else's payments who locked in a lower interest rate from a few years ago. 

Hello, We have a triplex in a lower-income neighborhood in the Tampa Bay area.

Further, running a very quick and simple valuation based on $900 rents, 8% vacancy, 25% op exp margin, and a 9% cap rate, I'm coming up with an ARV of around $83k, so I'd pass if I were you unless you can get a much lower purchase price.

Cheap houses in lower class neighborhoods will get you cash flow with a lot of headache.

Yes, that means he will have to give up his 3.5% rate (or whatever it is assuming lower then today rates) but it is what it is. 

Taxes and requirements should be much lower for a LTR

They may also provide lower interest rates for long-term financing, especially for rural properties.Hard Money Lenders (HMLs) for Short-Term Financing:For short-term financing needs (for instance, if you need funding for the down payment on an owner-financed deal), hard money lenders could be an option.