The appeal, in my experinence, is a steady local base plus some vacationers passing through.I’ve got a freind who scooped up a place near the Ozarks and found that while huge cash flow was harder to come by, the consistent occupancy gave them fewer headaches over time.

These will give you a clear picture of the property's current performance and potential.

The short answer to your question is: 1) You will engage with a new Administrator/Recordkeeper who can perform what is called a "Plan Takeover."

Past performance is no indication of future results.

For instance, a friend of mine transitioned into the BTR market in Austin, Texas, after noticing consistent rental growth.

For higher-end properties in Cincinnati, everyone seems to claim they can handle it, but then there are performance issues. 

@Matthew Beasley, not really anything consistent from the folks in the Charleston area. 

Quote from @Brandon Croucier: No need to be paying an upfront fee to a lender.As a lender it is our job to perform or we do not get paid. 

Look at median household incomes, look at market economy base and diversification, look at what's being done to protect and grow economic performance, just run the #'s and the message should be crystal clear. 

@Grace Norton adding to what's been written already, you'll want to get a 2-year work history for both.To consistently pay rent, requires consistent income, which requires consistent employment.Pretty simple concept!