My assumption is $0 rent those months other than a holiday week like Thanksgiving Christmas and Easter, where the projections are showing thousands per month.As a frequent traveler to the area, I cannot imagine much rent revenue in Jan, Feb, March, April, Nov, Dec. 

I also see this frequently around Tarrant County...like mostly Tarrant and Parker where there is a oil/gas lease in place. 

There will be some giant surprises to many there when you have to start paying engineers for frequent evaluations and making the structural repairs required.   

You may want to send your tenants frequent letters and note to remind them and include dental floss in your list.It does not take a rocket scientist to replace a sewage ejector pump and any decent (not the idiots) handyman should be able to replace one.

In NC, that doesn't seem to be something agents do frequently. 

We frequently have properties offered to us off market in the $250k-$750k range but finding decent lenders or investors is a slight challenge. 

This is one of those posts that I will need to return to frequently to re-read it to pull out all the juice I can.

You will keep the interest payments.This is a lot to think about and it will frequently change until you settle in.

Class C tenants, in my experience, are slower to pay, heavier wear and tear on properties, and tend to turn over more frequently.  

While the HOA might tank your profitability, I do know/am frequently messaged about condotels for STR usage, so it's definitely not that uncommon of a strategy.