Thanks I'm a broker on Cape Cod (Berkshire Hathaway Homeservices Robert Paul Properties teamcoker.robertpaul.com) Besides the HOA fees, Points of consideration for Condos are also: #units, rules, location, amenities inside the complex and out, parking.

These "hipsters" are young college grads who will live in areas that are (A) relatively inexpensive, (B) low or trending down in crime, (C) close to attractive civic amenities, and (D) are close enough to jobs. 

A unit renting for $700 probably can't go straight up to $1,200 overnight with no updates unless your property looks like the other ones in the area renting for $1,200 and offers similar finishes/ amenities. 

I like RR better as RR ISD is more highly rated than PF and also it is more developed with more amenities and retail. 

Beach facing units and complexes tend to get higher rent, even though the amenities at Destin West are superior.

Amenities: Is your property near popular attractions like lakes, hiking trails, ski resorts, or pools?

In a mobile home park, most of the value is in the underground infrastructure, roads, landscaping, amenities, pools, fencing, pads, utility pedestals, etc, while only a small portion of the value comes from a building, like a clubhouse or laundry facility.

If your looking to purchase long term rentals low crime, proximity to amenities, and good schools all factor into that.

What amenities do they offer?

Not allowing pets could impact the marketability of your rental, especially in cities like Dallas.According to the article:"Data from Zillow reveals that twice as many renters filter for pet-friendly listings compared to any other amenity in the country’s 25 largest rental markets.