From what I'm seeing the prices are pretty comparable to Miami's on the MLS. 

We always make different exceptions for long term tenants due to what is considered normal wear and tear from a one year tenant compared to a 5 year, but cleaning isn't typically something we make exceptions for. 

You can contribute more compared to a SEP IRA, avoid the UDFI tax on leveraged real estate, and even borrow up to $50,000 for other needs.

Happy to chat and connect if you want to compare notes.

Hard to give up such a low mortgage rate, but in the end that's small potatoes compared to potential OOS problems.  

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Are there any unique considerations or red flags you look for compared to the traditional rental process?

Cleveland, Baltimore, Toledo, Indy etc....You will see net population decreases in most of these areas but these are the areas where the prices are the lowest in the USA and come with rents that are very high when compared to the sales price.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

What are the comparables in your market doing at your expected price point?