And for an OOS, I always advise to keep things simple at start, don't get greedy, go for quality and consistency, then work on maximizing monetization later. 

Lowering your standards invites expensive evictions and repairs. 

Quality furnishings, attention to detail, and seamless operations helped set the property apart, maximizing its earning potential.

Saturation is definitely upon us but quality product continues to get booked just like other markets.

If you’re paying off more than $1,500/mo I’d probably keep it barring any major upcoming capex. (3-5 years out so buyer wouldn’t automatically ask for it to be repaired at sale.)Good luck either way. 

Get a leasing agent for placing tenants and a good handyman for repair requests.

I'd underwrite the deal as any other - make sure you are conformable with the quality & tenant base. 

Below is some copy & paste info about our methodology:----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Just started our own firm investing in and managing property in our relatively new (~5 years now) home in Charleston, SC.Happy to be a resource to anyone and look forward to making quality local connections!

They have lost many employees and the level of service and quality has been dismal.