As other responses have said the build quality and builder reputation are important. 

Less management intensive, but obviously not as high of rent per square foot.

The property sits between two good quality hotels off of a busy highway.

USBank has one of the best rates for high yield savings.

It is, by far, the largest casino near Charlotte or in the region, and has been drawing thousands of workers from out of town pushing rent prices, and investment opportunity very high.

At the price of a nice vacation home here I could invest in many other highly profitable places.

It is highly likely the person taking the money would be charged with a crime and lose their license. 

Although from what I read, State Farm is rated highly for rental units. 

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For $1-2k per month operators can generally hire a dedicated local 'Superhost' or experienced local manager/cleaner while enhancing the quality of services rendered.