I tell them that $700 a month is quite a good deal and if they want to argue some more I just say apologetically, “I’m sorry I don’t have anything that is suitable to your needs, but I do appreciate you coming.”

@Mateusz Prawdzik @Eric @Eric Weireter undefinednot looking for luxury, looking for around a 1500 sq ft home that is suitable for renting in the W Cornwallis/Chapel Hill Rd neighborhood.

This should have been addressed within a few days of putting it under contract, at which time you could have asked for a price reduction, repair, or get out of the contract if no suitable resolution could be reached between the seller and you. 

I can't rent it while financed (VA rules) and it's not suitable for house hacking. 

If you were to not find a suitable replacement property then your smart move would be to not turn in a 45 day letter and simply pay the tax. 

I found this very interesting article about Airbnb in Tucson that I thought it would be of interest to investors who are having intention to start their Airbnb business:Original Article Courtesy of Carol Ann Alaimo of tucson.comShort-term vacation rentals a multimillion-dollar industry in TucsonBusiness is booming in the land of sunshine and saguaros for those who rent to tourists through a popular online booking platform.Tucson property owners collectively took in more than $8 million from Airbnb rentals last year and demand continues to soar in the run-up to the city’s annual gem show.About 53,000 visitors stayed at local Airbnb properties in 2017, a 73 percent increase from the year prior when about 30,500 did so, said Laura Rillos, a spokeswoman for the San Francisco-based company.Total rental income for participating Tucson property owners jumped from $5.1 million in 2016 to $8.4 million last year, Rillos said.The short-term rental trend has been good for the local economy because it serves those who otherwise might not come, said Dan Gibson, a spokesman for Visit Tucson, the city’s tourism bureau.That’s especially true during peak periods when local hotels tend to sell out, such as during the gem show or homecoming weekend at the University of Arizona, he said.

. --  I have reached out to the PM and he has reduced the price to a more competitive rate but it still hasn't found suitable tenants. 

There are all types of visitors with wide ranges of budgets/desires coming into town for Derby. 

Cons: It can take longer to find a suitable tenant, there tends to be less appreciation (unless a neighborhood is improved which would in turn likely improve the grade of the neighborhood), and C-class tends to have more issues like litter, vandalism,  and crime than higher-grade areas.

People here are extremely friendly and visitors are treated well, but if you plan on sticking around you best acclimate quickly and whatever you do, do NOT try to change anything.