it's just very risky because you're gambling on that appraisal.another problem you'll run into is that it's very tough to get loans under 100k. 

And get another property using that at your convenience.

@Rob Beland That is great advice The only reason I used an LLC my wife and i worked in different parts of the country for awhile I did not need her signature on closing and title documents.It is convenient for setting up partnerships and such but not really needed at first It costs me $800 a year in California

You can get great cap rates 20% plus in ghetto neighborhoods, and you can get crap cap rates 5ish in desirable neighborhoods where the property might eventually appreciate (investing for appreciation is gambling, don't do that)  So the first question you need to answer is what is you tenant pain in the *** tolerance? 

A perfect candidate for a professionally managed STR purchase is a wealthy person who wants the property for personal use and convenience, not someone who's goal is to build wealth. 

People want a clean, updated, safe, and convenient place to live.  

Is it  wrong I have pretty  high hopes for this place and it seems like a really nice location (conveniences to everwhere).

It cash flows after accounting for things like vacancy, preventative maintenance, etc.Some pros/cons of Mableton:Pros:(+) On the "path of growth", surrounded by other cities in the Cobb with higher median household income and property values(+) very convenient location, it is under 25 min drive to all the "happening" places in ATL: Midtown, Downtown, Truist Park, and you don't need to take Interstate which can get jammed up pretty quicky during rush hour(+) diverse demographics, my block is about 1/3 Caucasian, 1/3 AA, 1/3 Hispanic, this helps you attract a diverse profile of renters.

Very convenient location close to all restaurants, shopping centers and a couple miles away from the beach. 

Had the thought surface today that it would be rather convenient to be able to offer tenants renters insurance and owners a landlord policy.