I am not talking about due diligence on the property or the block(you should still do that).

That should include neighborhood, possibly down to the block.  

You have to look at:#1 your competition in the surrounding block area (like 10 block radius).

. :)2- university heights and the areas adjoining NJIT - Pretty much anything within 4 or 5 blocks of either Rutgers or NJIT is good.

Bankers love you because you're parking a big chunk of cash in escrow accounts, but dealing with tenant issues is more of a pain than I'm prepared to deal with right now, even with good tenants and bullet proof leases.Also, I  totally agree with @Natalie Vane!

As soon as you see that two-day block, then you'd go into the calendar, click on "Availability Settings" then "Add another requirement" and change your minimum-stay requirement to only 2 days for those floaters.Be nice!

Been managing it from afar for too many years;  pain in the neck to be so far away.cheers!

The rider managed to wobble along for a block of two before he fell off his bike and sat on the curb holding his head. 

Cash flow should tend to go up as rents increase, but its still not a real building block for wealth. 

You can 1031 the house if you decide to rent it and avoid these taxes, but it's a pain in the butt and difficult, but doable.