If you look at the surround areas of a metro there are usually still inventory with less competition. 

Condos/townhomes range from brand new to 6 years old. 

I usually adjust temperature right before a check in to make it comfortable for guest.Love the Honeywell 9000 color touchscreen thermostats.They also allow me to locking a temperature range so the guests can't set temperature to 60 in the summer.

Maintenance and repairs typically range from 5-7% of rental income, compared to the standard 10%, as new builds have fewer immediate issues.

Is there a neighborhood you recommend in that price range 200k for a long term rental ?

Specifically:What square footage ranges are performing best?

The cost to remedy a bad sewer line is very high, generally in the $10k and higher range.

1031 exchange sounds good in theory, but you need to do it in an area and at a time where there is inventory to choose from because once you identify the three properties, you have to close on one of them which is very difficult in a competitive environment.

Quote from @Bob Stevens: Quote from @Mohammad Parwez: You can still find a few properties in my Triad NC area where a few properties get closer to the 1% rule.However, most of the properties are now in the 0.6-0.8% range. 

Some of the profits and losses I’ve been seeing in certain properties have been significantly lower than Airdna projects, with only a handful being in the projection range, and maybe one or two exceeding.