I look forward to learning more about what specifically you are looking to do 

There's way less risk and variance in LTRs simply due to regulations & laws which nobody has a true view on. 

The data collection websites like awning, can be unreliable and don't factor in the specific amenities/upsells that a specific rental has. 

Prentiss is very rural with no industry.

There might be software or agents that can help that more specific to your area you’re looking to invest in. 

There are some basic expenses but then there are the property specific ones to consider.

REP status is specifically trying to override this $150k limit, but it's out of your reach, unless you have a spouse who can qualify.Rules for STRs (short-term rentals) are different and do not require REPS. 

In a state that a lender can get a deficiancy judgement if the deal goes through foreclosure the client can get their credit trashed and end up with a big fat judgement against them.. ( state specific).the reason your probably getting buyers that want to do this is because of all the online notoriety currently like Pace Morby who is huge in the space and the legions of students and followers and then to a lesser extent there is BP's own Sub to Guys..

Did some reading on your bio - Noticed you were interested in investing in commercial real estate, what draws you to that specifically?

I think bringing a design expert to run through these properties with the contractors and put together the design based on a specific budget would be a good idea.