Well....should you invest in a city where the people elected a woman with foreclosures, liens, judgements, garnishments, ethical violations from the state ethics board,  misused a city credit card, went three years arrears on her federal taxes all while yelling for other people to pay "  their fair share, " left skeletonized dead bodies hanging over Canal St for months on end covered only by a tarp until the wind blew it off to reveal to our horror her blatant disrespect for human dignity?

I usually adjust temperature right before a check in to make it comfortable for guest.Love the Honeywell 9000 color touchscreen thermostats.They also allow me to locking a temperature range so the guests can't set temperature to 60 in the summer.

Is there a neighborhood you recommend in that price range 200k for a long term rental ?

The cost to remedy a bad sewer line is very high, generally in the $10k and higher range.

Maintenance and repairs typically range from 5-7% of rental income, compared to the standard 10%, as new builds have fewer immediate issues.

Specifically:What square footage ranges are performing best?

Quote from @Bob Stevens: Quote from @Mohammad Parwez: You can still find a few properties in my Triad NC area where a few properties get closer to the 1% rule.However, most of the properties are now in the 0.6-0.8% range. 

Some of the profits and losses I’ve been seeing in certain properties have been significantly lower than Airdna projects, with only a handful being in the projection range, and maybe one or two exceeding. 

In todays environment with higher interest rates there are less buyers in the market than a few years ago so waiting several years until rates drop to a more palatable range could lead to much higher returns.

It's great you already have the location, price range, and funding source!