This is my first complex and first time having a vacancy so I’m just a little nervous about what price to charge and how long it will take me to acquire a tenant that is willing to pay it. if there’s anyone in the Baton Rouge area that can kind of help me, please respond.

Is that after allowances for repairs and vacancy?

I think some people use 5 to 10% for cap ex and vacancy.)  

Perfect tenants in the house they want and never a day of vacancy. 

Vacancy/turnover is a minimal consideration.13.

That’s with a property manager handling everything and after their fees and reasonable repairs and vacancies baked in.

However, the vacancy rate is crazy low.  

Balancing cash flow with potential appreciation, running rental comps and vacancy rates, and bridging the gap between Class B and C properties is crucial.

@Jimmy Leaton If you can rent out your primary home and it can be cashflow positive to help with upkeep from maintenance, repairs, and any bits of vacancy then it's worth exploring more.

But as I think about my long term plans, between the higher vacancy rate, the added monthly expenses, and all of the correspondence with potential renters, I'm strongly considering UN-furnishing it and going back to a long term rental.