The property is in Joseph Lee and in the 250k range (but it is a duplex) The PM is downright awful.

The average for the small unit is probably in the range of like $25-$50/month. 

Would the fact that our house is in the ~ $850k valuation range influence your advice? 

Maybe it's a small town and there are very few homes available to rent and there are several families that would rent there if there were available homes in their price range. 

My total expense ratio on each property I own ranges anywhere from 40%-50% annually, but I also self-manage and am not a slumlord (I am pro-active with maintenance, not reactive).

Remember, no system is perfect, so avoid the temptation of constantly chasing after the next shiny object.

You don't want the guests scrolling on Airbnb who see 2000 other decked out theme homes right next to yours listed in the $100-$200/nt range. 

Not sure what the returns are on a 6 bedroom for rents are but those would be your numbers.As far as new construction versus existing, I'm not seeing the gaps that big in any size range. 

So I’d call it a wash.That puts the cap rate in the 9 range.  

Because everyone is with shinny object syndrome, or chasing some scheme, gimmick or what not.