I’m currently working to narrow down a list of potential areas to deep dive.

Wide and deep question.

More secure and stable than an STR (also less competition) but you aren't in the red like you'd be with an LTR. 

They city will red tag it and require you to upgrade everything and get a Certificate of Occupancy before you can rent it.

It is seen as a red flag by a portion of the parents.

Bokuden quickly took over the oars and back-paddled into deep waters, stranding the irate and embarrassed young samurai on the island.

Heck go to the casino and put it on roulette wheel of black or red. 

There's nothing left to cover expenses so you better have deep pockets to cover maintenance, admin, turns, etc.If you think you can quickly improve rents to a point that covers your expenses and pads your pocket a bit, then maybe, IF it hits your return threshold.If you're buying cash, then the mortgage is not a factor. 

Although I haven’t done a deep dive yet.  

Yet deep secret s inside places ud never hear about yet they live tight next to you ....this is only because you know and can point 👉   ...it true , it's double punishment and does put lives at risk ..people they live with when vigilant groups do this type of stuff,...yet the guy who killed 3 people cause he likes to drive an drink is watching it all go down next to u waving at u,...just saying ,..u still being punished for what u done ?