.^^ Ditto.I'd never set myself up for failure knowing I'm signing up a short-term rental, we are averaging 5 year renters on our properties, signing up somebody knowing it would be for 7 months would be like putting hot pokers in my eyes.Just imagine the scenario of them moving out and the place is a fricken mess, you  spend a bunch of money cleaning it up and it's off the market again longer than you  plan, really a crappy situation. 

Reinvested significant amounts of capital to clean up units/property/etc... 

We also handle cleaning/trashing out the place.

We are in the process of getting things cleaned up and turned around but it can take time. 

I have owned a few of these homes over 300 of them and NEVER once sold one for "appraised value always less" so the instant equity theory in my mind is just a feel good its not reality because you will never sell it for that.. it all boils down to rental returns.. andfrom what your saying the market appears to have cleaned out the bad landlords the uneducated and undercapitalized landlords and you have some stability.. it had to happen sometime.

A deep understanding of how the numbers work will be beneficial for your re investing career!

Yes it would be a great investment as that area is also expanding and is a well kept clean neighborhood, before the market crash the property sold for 165k, boy did they purchase at the right time! 

When you see this as an investor, would you even consider taking the time to deep-dive the numbers and make a more detailed guesstimate.Advice, comments on the analysis ?

And provide a clean, safe, place.

the entire mid west and rust belt and deep south literally hundreds of thousands of homes to buy at that price point.. its all abou t the team.. you can get an idea looking through TK reivews see properties side by side.. then call the owners and chat about them its free etc