We've been investing there since 2011 & 1031ed out of Portland,Oregon where appreciation was high, but cashflow (& regulations) poor.Be sure you have a good property management company to steer you on area selection & rental rates to get a reasonable ROI.If you want to talk further let me know.Best,Mike

I would generally advise to steer away from HOAs that don't have a track record in the STR space.

Gun Range - While there is a possibility here I would recommend steering clear of it due to a host of other problems and would likely spawn from this5.

Steer clear.If you are looking for quality operators look for rental listings that have been continuously rentals for many years with low turnover.

You may be used to living in a house with 1,000+ sq ft per person, but that is a relatively recent historical trend and many folks make do just fine with far, far less space.Second, when a land lords starts "suggesting" that tenants go here or there, that is engaging in a practice legally defined as "steering". 

Understand that, make that reason your goal and allow it to help steer your decisions. 

With new laws and regulations you also may want to steer clear of 10k+ a year in taxes.

I like Indy... steer clear of low end urban core under 50 k and if its good enough for Buffet I would think Omaha is good enough for the rest of us..

I would steer you towards a safe area vs a a crummy area that you could make a ton of money on.

AFter about 6 months, 95% of bookings came from VRBO, 5% from Airbnb and 1 had only 1 deal through our own Lodgify site and that was to someone we knew locally and steered them that way.