I have a 2BR on the front range in CO and half of the time it is just parents and few kids. 

For lower value flips, 200 - 300k, we stick to that range as the projected profits doesn’t have much room for an inevitable rehab oh-$hit.

I would do some market research on top-growing cities and determine which of those cities are within your price range and cashflow goals.

My goal is to build a data-driven tool that provides actionable insights into which neighborhoods and property types are in the highest demand, based on metrics like:Time on market: How quickly rentals are being leased.Property characteristics: Bedrooms, bathrooms, size, and amenities.Pricing trends: Rental rates relative to market demand and property features.Visual quality: Leveraging property photos to analyze the style and condition of rentals that perform well.The tool will allow users to:Pinpoint areas with the fastest rental turnovers.Understand what types of properties (size, price range, features) rent the quickest.Gain deeper insights into property presentation and amenities that correlate with high demand.Thank you in advance for your feedback.

With Neal’s vast experience in multifamily construction, data-driven approach, and creative ways in solving problems as well as straightforwardness helped in creating the trust.

What type of LTV range do you think it would necessitate?  

The vast majority of what you need to know about real estate can be learned right here on Bigger Pockets like you are already doing.

And everyone's situation is vastly different when it comes to taking care of elderly parents..

Byrna    it has an effective range of 60'  Have any experience with one of these?

I would think it would rent well in the 1,350-1,450 range, above that it will be tougher.