Compounding on one another sure that will have a big impact on the market but there are a lot of factors at play.

And while short-term rentals are the big draw here, there’s also growing demand for mid-term rentals from snowbirds and traveling professionals, as well as long-term housing for the increasing number of permanent residents.Yes, higher interest rates are a factor, but the strong rental demand in the Panhandle often helps offset those costs.

By the time you factor in insurance and any cap ex....it's already a loser...even if you aren't carrying a mortgage.  

It's a great property with tons of potential but it's missing the IT factor.

Meaning truly intrinsic(2x DSCR not 1x DSCR), then roll the dice and lever the minimum you need to get the deal done and understand to put more to reserves than anything else for the first 3-5 years from your current and new property.The risk:reward ratio is very low when you factor in a lack of liquidity.

Seems doable, depending on a few factors will determine what the right product is for you.

There’s also a scorecard that gets released based upon many factors.  

What factors should I consider when setting rent per room?

As an new investor you should consider which factor is higher risk - proximity or market dynamics. 

Are there any key factors or metrics you look for when analyzing a neighborhood's potential?