The neighborhood is older (1970s) and has held value for a long time.

@Jeff Schechter mostly rents ready in A or B+ neighborhoods.

Some are very specialized, like WPG (malls in B & C cities) or NXRT (apartments in B and C neighborhoods) or REITs that are self-storage facilities, medical tenants, or cloud data centers. 

The rental apt. is pretty unique (3 beds, 3 baths, 2 of which are on suites) with a private rear deck in a nice residential neighborhood, so I don't think a locked door will deter tenants. 

If you don't mind, I'm going to share with you a step-by-step guide that commercial brokers in NYC like myself would use:1) Check market demands: Before anything, you'd need to find sales and rentals reports for your neighborhood and check the current inventory.

Doesn't matter who manages it, if the asset is in a D class neighborhood it will be riddled with the headaches of that tenant base.

I don't know your market, but here in Baltimore a $95k turn key home is not in a homeowner/retail neighborhood.  

From my perspective the ones I saw were SUPER organized...knew what they were looking at (so did I ...just from experience) and knew the lenders instructions.

And that's what you want no matter what type of property or neighborhood our rentals may be in. 

For those looking for organic equity with mortgage payoff and ascending home values, St Joe is not for you.