Please note that I am not discussing the business idea or the rate of return because I am fine with both and don't want that to be part of the discussion.

Assuming you have two spouses who each make $300,000, your hourly rate is about $150 / hour assuming you work about 2000 hours a year.I personally think it is better to continue investing in LTR which will likely be less time consuming / stressful to STR's.You don't want to exchange something where you make $150 / hour(at work) to something else where you may only make $10 / hour.Best of luck

Not familiar with the area and rentometer has no data i can find on rent rates.

ins co's are going sky high on rates, AND being picky as to what new policies they write and/or renew. 

Typically, these are families looking to ensure the property is within the desired school district and driving distance.

It's in a well sought after neighborhood with good schools that I remodeled to appeal to modern tastes.

If you were to combine several of the units together to the point there are only 5 units in the building, would this destabilize the whole building and be able to bring the rents up to market rates once the leases laps? 

My initial idea was 10-20% down with 7% interest rate for 10 or 15 years after doing research. 1 person suggested a balloon at the end and another person advised against it. 

He's also correct in that the septic systems are rated by the maximum total occupancy of the home (they don't count dens towards that occupancy).

In your case, where your rental rate is $2300 for a 3-bedroom unit and the maximum voucher amount is $1650 per month according to local resources, there's a notable gap.