You will have a long vacancy if you try and overprice the property.

Analyze the historical vacancy, but maybe above all, write property management into the deal.

or at best barely break even once all expenses, vacancy, and capital expense reserves are taken out. 

I never have vacancy, because I rent to students at the local college, and the rent from May to May, very little inventory in the area.

Or, that it is a great location near a University and that listing price is higher due to the fact that vacancy is near non-existent, but that the condition is a bit low for the area.  

@John Mitchell hi John, I have a fourplex in the Peninsula, a couple of Airbnbs in the Valley and a few commercial properties elsewhere in NS.Prices seem high right now, vacancy low, and inventory scarce, so in my opinion combining a house-hack with a short-term rental component would be a great way to get into the market, gain equity & experience.

Always take into account maintenance, CAPEX, vacancies, make-ready costs and prop mgmt.

You want to be sure to also figure in allowances for taxes, insurance, vacancies, repairs, and capital expenditures as well.  

Don't forget vacancy, property tax, insurance, maintenance, management, and CapEx

The lenders give 75% of the rental income because they figure there will be a vacancy at some point.