If you want something more suburban, towns like Easton, E Stroudsburg, and into Lehigh Valley may still have some options less than those other areas.

Quote from @Himateja Madala: Hey folks,I am brand new to STR's and am here looking for suggestions around STR in Kissimmee area.

The apartments didn't look like Class C but looked to be brand new nice complexes with amenities: pool, gym etc. #1 has been in business for 10 years, not enough for a full estate cycle and #2 said they've been in business since 1988 (or at least some of GPs involved). #2 I may have considered (apartment buildings on SoCal or real estate debt fund).  

Perhaps the SFR market is overvalued now and 1% rule is just a simple valuation tool like a P/E multiple in equities telling people to stay clear.       

Rental income would be reported on Schedule E, and these write-offs could offset other income if you qualify as a real estate professional.

It's even better than some other brands.

.$14,990 was the cost of a brand new brick ranch home on May 1st 1960 - I have the original advertising from the builder in Ann Arbor.

One way to do this is with brand new construction.

New construction is also a solid option because everything’s brand new, and you’re less likely to run into issues with maintenance early on.As for research, I’d focus on the local economy and rental demand.

My name is Michael Perry and I am brand new to real estate investing.