In my experience these come in 3 varieties:  One, decent tenants who seem to need something around the 1st of the month when rent is due, so that they feel better about paying the rent; two, ultra-needy tenants who cost more to keep happy than they pay in rent, and three, lonely tenants who like little things fixed just to talk to someone.

I know several agents and lenders that are dual licensed (for a variety of reasons), but can't have both licenses active simultaneously. 

The variety and enthusiasm of responses on this thread is quite telling of the country's modern political disposition - you have some younger, more open-minded investors who see the writing on the wall that UBI is necessary but wonder about how it will be implemented, all the way to the "American patriots" who take UBI as an affront to the principles of this country.To both extremes, and everyone in between, I ask does pure socialism work?

Seriously tho, I would take advantage of leverage and spread your 1m across a variety of deals.It all depends on your goals.

I'd certainly consult a CPA on the best way to bring that money into your accounts or an investment before proceeding as I've never been through that personally and you wouldn't want to screw yourself there.Second, unless you already have a variety of investments, you should diversify those funds.

You can understand a variety of statistics like price to rent ratios, population growth, number of jobs moving to the area etc. but as some have said someone who can advise you well on the area is highly key.

There are tons of varieties out there so it must be very popular. 

@Lucas Carl said there is a market large enough for the variety of demands guests seek and you're going to have a good ROI no matter what IF you buy a good deal and if you self-manage with great hospitality.I'm wondering about cleaning costs on a 2/2.

I would add, once you decide on a market, in addition to getting to know it intimately by watching what gets listed, visiting to see it first hand, linking up with agents (not just one), it's a great step to talk to a variety of property managers. 

Not to mention the contractor and handyman types will be of less variety which is important of course for the value add phase and the long term maintenance needs.