Lastly, the Navy Yard factor is huge, as it will attract the creative class to Anacostia/Barry Farms and the 11th street Bridge will become the new hip destination IMO.

Neighborhood is a big factor, I would say B-/C+ is good for MF; I donot know what is your budget but you will be looking at relatively higher prices than say you were looking in Cincinnati or Cleveland.

I'd be careful no matter where you choose but particularly careful if you go outside of those three areas.Another factor is finding good property management. 

(Beds) Michigan’s governor is already using prisoners and prison factories to produce masks and medical suppliesMichigan has produced over 1.25 billion barrels of oil and more than seven trillion feet of natural gas since the discovery of the Saginaw Field in August 1925. ...Michigan has more than 14,000 producing wells of oil and natural gas. 

Another factor is we will be using funds from a HELOC to use for our investing.  

The cost of setting up a property varies depending on the market (are we talking bare bones factory housing or high end STR), but either way, the physical work of getting it rent ready is a pretty big job.

It's a big enough city with plenty of land so one day I wouldn't be surprised to see it snag something big like a car factory, battery factory, chip factory, etc. 

Appreciate the help :)If you absolutely cannot run it as an AirBnb yourself, then the kind of person you make the agreement with is obviously the biggest factor. Is

But whether or not the applicant thinks the owner is uptight for doing this should be a non-factor. I

I agree 100% that the trust factor is the biggest hurdle to overcome and having family is a huge benefit.