No problem getting other applicants as very desirable but terrible time of year.

In addition to all other posts, I would suggest you leverage the benefits of a 1031 exchange when acquiring the desired real estate.

Quote from @Scott Scialabba: Quote from @Corby Goade: Lots of things to consider here; generally speaking, the higher the ROI, they less desirable the properties are.

So you are putting in various inputs/assumptions, like gross revenue (total sales prices of homes) less soft costs, hard costs, city fees, desired profit margin (i.e. 15% of gross revenue) = residual value (what the land is worth).

Location is key, there must be paths of progress in and around the buildings which will hopefully allow the property to stay desirable for renters.

Having someone who has owned and operated a similar asset is worth its weight in gold. 

If you’re running a MTR more like a STR, then you can decide to charge the full boat as agreed or, if you desire (possibly to obtain a good review) find a substitute renter for the period in question and credit the original renter.If, like me you operate a MTR more like a LTR just for a shorter period of time, you probably use a specific rental form provided by either the state real estate commission of the local NAR affiliate.  

Feel free to connect with me if you so desire and let me know what works with your schedule for a chat.  

I just put two long-term rental properties on the market that we rehabbed in desirable area of West End Boise and demand is a little lower than expected.

People think it's inexpensive to install a Washer & Dryer, but getting the gas, electrical, water, and drain/vent there is usually quite expensive.Here in Chicago, we always want to be at the top of the market regardless of the competition, so we almost always install a W/D when we renovate our properties, even in some of the less desirable neighborhoods.