Or, if two buy-and-hold investors are both looking for 10% CoC return, but one is financing traditionally with 25% down and the other is able to use seller financing and only needs to put 5% down, the math will be very different between those two investors as well.So, I would say start by trying to identify some criteria to help direct how you'll run your numbers (i.e. a certain CoC return or Cap Rate... you don't need specifics for EVERYTHING, but set a couple to guide you based on your long-term goals.).

Traditionally, you need to hold down a job for 6-months to a year to qualify for a traditional mortgage, but don't get discouraged my friend.

Sure many will join and quit, likely a higher number than with a traditional brokerage due to the ease of 'entry and exit' without personal accountability. 

NJ has a high foreclosure rate comparing with the rest of the country. 

They literally can't wait for a traditional funding mechanism if their contract gives them 30 days and it takes 45 days (not uncommon) to get through a loan process. 

I have traditional rental properties but this is my first foray into the "short term" rental market.  

@Jacob Price I see what you mean, that is a pretty good ROI for nearly no maintenance I was just comparing it in my head to if I put I home on it and the lower rent didn’t seem as appealing.And as far as access it is actually the corner lot on Coyote Trail and Fawnridge drive if you reference the area.

The easiest way is if you have an agent that you work with, if not it's about finding sales of duplexes in the market and comparing them. 

Lets compare Memphis to lets say Denver...Memphis Avg Price = $118,467 Avg Rent = $10,906 Maint can CapEx = $1,635 (fixed since heater costs the same in Memphis as it does in Denver as you are saying...)All other expenses = 40% of gross rent = $4,362 (I put expenses at 40% just at random and have the 40% fixed for Denver as well)NOI = $4,909CAP Rate = 4.1%Denver Avg Price = $364,400 Avg Rent = $16,932Maint can CapEx = $1,635All other expenses = 40% of gross rent = $6,772NOI = $8525CAP Rate = 2.3%So it looks like even with you stating that maintenance and cap ex-numbers cost the same from market to market higher rent to value markets do reflect better cash flow invest ability...by nearly being twice as lucrative in terms of cap rate vs cap rate comparison...

I bought one because I am in the mold remediation business and I wanted to see the results compared to my $1,000.00 kit that I purchased a couple decades ago.