As a short/medium term furnished rental, wherein you are targeting white collar professionals in town for 1-6 months (instead of AirBnB party animals that might trash the place), I bet it wouldn't be losing $600/mo as a rental. 

The use of the statistical information will allow to anticipate future developments, to supply the demand.Citizens bet on living in large urban centers.

Find a local meetup that plays the game & I bet you won't struggle w/ gauging a decision in real life after playing the game.

The logical (or maybe traditional) progression is to move onto larger and larger properties, which I've had my eyes open for.

The problem is finding the Path of Progress where your property value is really going up.

Keep us posted on your progress, and don't be afraid to ask any questions. 

San Diego is generally more desirable than Buffalo, so people will devote more of their income to housing, But I bet if you did this formula for every city the rankings would align very closely with the price to rent ratio. https://smartasset.com/mortgage/price-to-rent-rati...If you look at the list, San Antonio and Memphis are near the bottom.

So, progress I guess.

Inversely, if I love City Y, you bet I want to invest there, and spend time checking in on my property and enjoying and learning about the city I have money in.  

Hopefully I'll make some fast progress.