Party 2 offers higher rent but comes with more risk.

@Federico Dallo you mentioning vacation-type locations leads me to guess that you may want to use the property yourself occassionlly?

Buyers are loving the softness of Champagne Bronze, and we are using that color for lights, plumbing fixtures, and cabinetry hardware.We find that these elements work no matter where you're located in the US, and no matter the ARV! 

You're buying a specific property, in a specific location, in a specific condition, subject to local rules and regulations.

Dear All , I am located in Atlanta, GA .  

We hadn't changed the rents in a while, but they weren't moving. 

This is located in the rental real estate publication by the IRS.

In suburban Chicago, historical significance or celebrity ties might create a niche appeal, but they won’t necessarily drive up the home’s market value in the same way as location, condition, and local comps.For a short-term rental, though, it could be a great marketing angle—especially if the person is well-known and has a strong local connection.

I've narrowed down the best return for my money in this market to a 2 bed/2 bath (with top tier amenities) - about 500 total 2/2 listings.I'm finding myself a bit stuck when analyzing why certain properties are making so much higher than the average listings when they seem to have very similar locations, amenities, style, flow of home, beds/# of people they sleep, reviews, number of reviews, etc.

Its going to really depend on your location, scope of work, and finishes.