A 3/2 is easier to resell if you get sick of the property and opens it up to more possible tenants, but also costs more to buy, contracts your possible market somewhat by being more expensive, and encourages rentals with kids, which you cannot prohibit but will tend to do more damage to a unit than a single person or childless couple. 

@Mary lou L.I'm 54 yrs old.My father passed away when I was 21 and my brother was 20.Parents had some properties that we had to tend to.We  1031 exchanged some into other properties.Bought personal homes and then rented them out after moving on.Didnt get real serious about building wealth until 2006.I was 45 yrs old then, realizing retirement yrs were right around the corner.We accelerated real estate investment to retire comfortably.Accumulated 8 more rentals,flipped some,and started private lending.Yes I wish we were more aggressive in our 20's and 30's.But we didn't have anyone or BP to to teach us what or how to do it and why it was important.Lord knows our educational system did not teach us about wealth building for retirement.We learned it ourselves and and a lot of times it was the hard costly way.So in order to keep history from repeating itself we are consciously trying to educate our children and other youngsters  on the importance of financial literacy and the implementation of that knowledge.Father time stops for no one and doesn't care how you spend your life.It's up to us to create our financial future no matter what age we start.Good luck to all us old farts and young farts.

If you want to stay mostly passive then having all national tenants tends to give the most stability.

I will admit that I tend to be impatient, so I am trying to curb that tendency.

Gatlinburg tends to get more folks who want to be deep in the mountains, close to town, or have easier access to the GSMNP.

Communication should be the # 1 thing a PM focuses on since most clients tend to be out of state.

I tend to be too positive about deals and not looking at the worst case scenarios so should probably steer towards Marc's response.

Detroit and much of the Midwest tend to be cyclical.  

Alicia,I don't know why the minisplit bids tend to be so high.

It also tends to leave a brown "ring around the tub" on the walls near the ceiling.