On their city website it states:"One owner can obtain an STRL for up to two (2) separate properties.

I buy in Dayton so I was curious and looked at their website.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Will check out that book as a high level overview 

.- Continual market analysis to keep your prices neither too high or too low- For software, you'll need a PMS, some system for tracking operations tasks (we use Breezeway), communications tools for internal and external (we use Slack and OpenPhone, respectively)- The decision to self manage or outsource is a very personal one.

If you haven't done any flips in the area, HML rates will be high for you to start with no verifiable track record locally.

Low or no money down can be high-risk and should only be attempted when you have a proven track record and really know what you are doing.

In a high interest rate environment, it's just the reality unfortunately.

Dishwashers, washers and fridges have a high lemon probability of dying within 3-5 years once you’re out of warranty.

Vacancy in downtown from what I have heard is also slightly higher than the surrounding areas due to all of the new high end apartment complexes that are going in downtown Boise.