A lot of really solid advice has been sent your way on this thread - I, too, moved from the west coast (San Diego) to Indianapolis to be able to afford property and make my dollars stretch further.Moving to the area is the best way to ensure you get to know the lay of the land as a new investor and it allows  you to learn quite a bit being more hands-on.

Doing so now ensures the housing affordability crisis the country was already grappling with before COVID-19 is not made worse by the pandemic.

I would definitely recommend staying in the 1-4 family range to ensure you can get owner financing type terms (longer amortization, lower rates, lower down payments).Id also point out that we have a BP meet up the fourth Thursday of every month.

@Damon Rucker introduce yourself and ask them what issues they have with living there, fix all the small and inexpensive items promptly .If they suggest larger , more costly improvements then that’s your opening to striking a deal regarding a rent increase and a greater commitment contract wise, otherwise I would suggest you keep rents as they are until they leave.In the same way that the secret to having good employees is to ensure they enjoy making money for your business, a tenant happy to pay for the home and service they get is much more likely to stay....

Ensure your lease includes details on the type of equipment that will be installed as well as the square footage needed for this equipment.

Do an environmental test to ensure the ground is "clean".

We see a significant increase in bookings and revenue during these times, and we often have to turn away guests due to lack of availability.One key to success in this type of rental is to ensure that your property is well-maintained, clean and equipped with all the necessary amenities.

Quote from @Taleah Ferris: The Tenants are on a month-to-month lease, so you can change the terms of the lease with a 30-day notice.I would really look at your lease and ensure it's solid.

The presence of such retailers ensures we compare affluent neighborhood nationwide.We can use census data (PM me for ref) to determine the areas that are growing the fastest over the period 2000-2015 and then see for each MSA in which postcode those retailers are located.Using Zillow home value data by postcode, it is then possible to retrieve the median price and rent per sqft and figure out the gross rental yield in those most attractive areas.

A second next step is to ensure that any lease you plan to use is properly drafted.