Many of those cheap markets have had appreciation less than inflation for this century (source neighborhoodscout).  

Higher rents, lower turnover, nicer house, put out/eviction is cheap, lease up is faster, and lower vacancy.3.

I would not go with the cheaper option because I have done that, and well cheap labor can be expensive in the long run lol - best of luck!

Although resort property is not cheap.

While condos can offer a cheap way to invest in vacation rentals finding a unique property will be a great way to earn higher yields.

I hired a cheap cleaner for a shared house (you get a bedroom to sleep in, not the whole house, for $800-900/mo.

If just bedrooms you may be fine with cheap but nice laminate.  

But what if you did all of those things and forgot to bring down the listing of that property on the MLS or kept the sign up in the yard because insurance is cheap and cancelable and the rentor was a friend of yours???

After a mortgage, large HOA fees and expenses you'll likely have a great deal of expenses.Then look at the competition and what rates they are getting along with how full their calendar is.I stayed at a condo in Myrtle Beach that I rented on VRBO and was amazed by how cheap I could rent a Condo.

"You can have it good, you can have it fast, and you can have it cheap.