I have heard it's relatively consistent with cheap housing (cash flow comes to mind).

Upgrades to the house, improved kitchens, bathrooms and the like will yield a return when you sell of course.Getting into STRs on the cheap has gone the way of the dinosaurs.

Rent-by-the-room tenants are more so catered toward working-class/blue-collar or young professionals looking for cheap rent.

Think beyond year 1 and resist the urge to go for cash flow in a cheap market with little to no population growth.

These leads are not cheap full price so be very careful!

When you replace it, you deduct this $8k.Tax professionals who know the fine details of these issues are not cheap.

Everyone loves saving money until they realize that they were cutting corners and being cheap.

My experience is: if you have a rental that you clearly are putting in the bare minimum to get it rented: cheap carpet, quick coat of paint, cheap light fixtures, repaint cabinets, etc, in these lower income, higher crime areas two things will happen.  

Fair warning, it wont be cheap.

Sage is an outstanding product that is relatively cheap and flexible, if you have a significant portfolio.