Less work, some less return, but also can be less risky depending on the operator and fund structure. 

It's also market dependent, but in general Zillow, Apartments.com, Craiglist, Facebook and RentCafe is a good place to get tenants.

I usually offer $25 less per month for 2-yr than the 1-yr renewal option depending on rent range.

Lots of traffic through open houses and listings/pendings are comparable with a year ago (depending on the county).

Could be the master, a second master, or any old bedroom depending on how much you want to maximize income.

I have a similar set up in Colorado Springs - it depends on your insurance company.

=> Depends on whether you're in a double-close state or not.

And it also depends on your overall financial/tax situation.

@Jaci Sattler when you cashflow will depend on the Property Class you target and how INTENSE & patient you are in looking for an acquisition.Many new investors think they have to pay close to market price for a rental.

Essentially what I was trying to say is if after rehab, is it still more dependent on that specific set of townhomes that the value can cap out at?