@Michelle Hardy Just adding, check your local city too for their requirements, many have specific requirements that the state may not have.Here in VT in the towns my properties are in, there is not a requirement to keep them separate or pay interest. 

In the city, it seems most of the 1b/1ba rent for 400-450.

But I don't find that the ones that do exist are more concentrated in the mountains or the cities.  

You talk to the neighbor and they tell you the city bulldozed the house last week, because it was destroyed in a hurricane. 

Phoenix is becoming a prime city for this sort of project Khaled.

I leave in the Greater New York Metropolitan area, precisely in Jersey City.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

So now I have both my personal residence and a leased property as STRs.Even though I live 3 hours away from my leased STR property, I've built a team that assists with managing it, so I don't have to be there all the time.Here are some key things I've learned:Regulations: Research the specific STR regulations in the state and city where you're looking to buy.

Additionally, there was no business license registered in the City of Atlanta.Suspicious Communication: The individual identified as Chris Anderson had a heavy foreign accent and provided convincing but dubious claims about the company's legitimacy.Questionable Financial Arrangements: Upon loan approval, the wiring instructions directed the loan fee to a Capital One checking account under the name of a supposed loan facilitator—a 85-year-old woman in Florida.

Also, networking with local real estate agents and attending meetups in those areas can help you find off-market deals that might not be listed online.Have you considered specific states or cities for your investment?