Things to consider are self management, travel distance, property taxes, insurance, resource availability. 

Our efficient project management ensured the renovations were completed on time and within budget.

Our efficient project management ensured the renovations were completed on time and within budget.

Our efficient project management ensured the renovations were completed on time and within budget.

at 7.5% interest I would suspect 11% is high unless you are an excellent manager of class C properties.

Know how and who is going to manage, speak with local PM companies (if not self managed) do some due diligence on projections, nightly rates and optimally visit (if haven't already) the areas you're exploring investing in.

I’m also assuming you intend to manage them yourself, right?

Property managers can be huge scammers, wholesalers and realtors do not care about you so don't trust anything they say, ask hoa for financials before moving through the dealHow did you find this deal and how did you negotiate it?

As a property manager, I would wait until 7/1 to start the eviction process so you can check to see if they have vacated prior to spending the time and money to file an eviction.

Pros/Cons, How to find management Company, How to find right tenant?