This would normally depend on the condition of the property and the Condition of the tenant.  

@Taylor Davila,I'm not in the Louisville market, but how I figured out potential vacancy and pricing is by using several tools and even looking at airbnb.

Glad you're looking into OOS in more affordable markets.

When you convert to a rental, the basis for depreciation becomes the lesser of the fair market value or adjusted basis on the date of conversion.

And that his understanding of business and economics enabled him to lead our country to establish the free market based system we benefit from today. 

I’ve been investing in the Tampa market for over 20 years, and in just the past year, I've bid on several mid-size apartment buildings and at least a dozen duplexes.

If you're syndicating deals, then it's a cost that will be billed to the syndication.Even after 2,300 units transacted, we pay an inspector to go into each unit and give us a report of the condition, along with pics.

They’re willing to work with me and are local to my market.

If you operate an STR, gross income is your total rent paid by your guests, before any subtractions.To figure out your taxes, you take this gross income and subtract from it all allowable business expenses: marketing, education, technology, licenses and fees (including Airbnb and credit card fees), office expenses, business driving and so on.

And she was telling me the prices don't make much sense around the Seattle area so she is interested in the San Antonio market instead.