Now YOU set the pay scale.Be smart with your decisions, be cautious, and get advice from people that have money and rental properties (BP), not ones that don’t and you’ll become a hero after the naysayers realize they should have followed you out the door.

I would be cautious when looking at growth as a percentage from smaller cities.  

So I would say tread cautiously and try not to put herself in that position unless she was clear on the risks.

I'm confident with the analysis part, and I'm super cautious because of the numbers. 

I am trying to be more cautious.

If they have a problem with that, I'd proceed cautiously.

I would be cautious when estimating higher rents.  

Determine what capex will be needed, and be cautious about this. 

You also would want to be cautious of discrimination among the tenants - how do you decide which one to target for eviction?

No rents, but taxes and mortgage still need to be paid.Be cautious and best wishes.