However, the lodging tax is NOT included in this average daily rate. 

While it's not necessarily a deal breaker it's important to ensure that you are paying a reduced rate for the house.

I think for someone who's starting out, that person can expect 12 to 1 appointment to closing conversion ratio and someone who's expert at it maybe 6-8 to 1 lead to closing ratio.

2) Could your money make more than the interest rate for the home somewhere else?

Surveys are my area of expertise ;)Ultimately, I tend to agree with you that allowing pets, with specific guidelines and screening criteria for good pet owners, will often yield greater occupancy thus allowing you to increase rates.

Many people don't make a profit, obviously odds of success get better with experience/good team, etc.consider until you have more time to commit to instead look at buying publicly traded equity REITs, not mortgage REITS, they are trickyget subscription to Seeking Alpha and follow Brad Thomas, Jussi Askola and many others research/writing to start withREITS have beaten the SP500 last 50 yrs, by a lot, 13% to 11% just in last 20 yrs too, and they have taken a temporary beating due to sudden rise in 10 yr rates and hence CAP rates, but their underlying rent roles have only gone up.

Or a seller finance where you are playing a much lower rate.

Hi Vince- I appreciate the suggestion to reach out to the city of Everett directly to start a conversation.

I have done my research online and it doesn't seem like the strongest market (population is stagnant, crime rate is not the best, job industry isn't very strong) but I know personal accounts are important as well. 

I understand the state of interest rates is giving pause to MANY would be buyers, but someone will ALWAYS need a home right?