My BR cabin is a 4 bed, which I would recommend if possible. 4 bedrooms seem to do quite well as they tend to be more spacious and can accommodate more people (so nightly rates go up quite a bit).

They tend to start doing "fire sales" which means dropping prices which causes all of the homes they closed on the previous 12 months or more to lose value based on new discounted comparable sales.That is why you see builder always offering crazy "Builder credits" which in most cases are "ghost" funds. 

With BTR duplexes, you're also investing in newly built homes that tend to have fewer maintenance issues.We’ve worked with out-of-state investors like yourself and would be happy to share more about our projects in Indianapolis.

It tends to go one of two ways so.... 

Bathrooms and kitchen upgrades tend to add the most value relative to the money spent on rehabs.

I went to Penn State and location is certianly important but as long as you are a bus ride away, you will always find students to rent to at great rates, also I found that Graduate students tend to want to live further away, which of course means lower rents, but it also means that you have cheaper prices and graduate students tend to be a bit more tidy. 

From what I understand, banks tend to avoid financing properties with SRO units due to the perceived higher risk (inconsistent cash flow, transient tenants, zoning issues, etc.).

. - Tenants are incentivized to not damage the property (can lose their voucher if they are found liable)- In my experience, tenants tend to stay for longer periods of time rather than non-section 8 tenantsCons- The unit is required to meet a certain standard and pass an inspection prior to tenant occupying the unit - Tenants tend to have a lower credit score than most landlords were prefer Happy to connect and share my experiences as an out of state investor and share some additional tips. 

The stuff that sits tends to be over priced junk in junk areas, or that have some issues with the listing, curb offers or what have you. 

Older buildings with older systems: plumbing, electric, HVAC, roof, tend to have more maintenance costs than newer properties.