The more hands off you get, the lower the returns.

A little lower ARV is also ok.I like to use Hocker Title.

Tenants in many markets already believe they pay too much (contrary to recent studies that show rent to property values have never been lower for the large US cities).If my insurance costs are not double my current rates over the next couple years, I will be pleasantly surprised.  

@Tom Rairdon If you’ve owned your short-term rental (STR) for over a year, it likely qualifies for long-term capital gains (LTCG) treatment, taxed at lower rates (0%-20%) compared to your 33% ordinary income bracket.

My clients can "force appreciate" the value of the property by doing a quality rehab for a lower than market cost because they are very good at spotting "diamonds in the rough".

The price was lower than anyone else offered.

It is typically lower than cash-on-cash and you can put it somewhere around 6% conservatively.

Most people who are affected by rent tend to be on lower socioeconomic rungs anyway and thus have less political heft to swing around.

With rates in constant flux, you might have opportunities to lock in lower ones.

@Jonathan Bombaci recommend using that amount as a bargaining chip for lower rates.80% of evictions are wash, rinse, repeat.