This can lead to higher occupancy rates and rental income potential.STR Potential: The short-term rental market in South Florida is thriving, and Hollywood is well-positioned to attract vacationers and business travelers.

Have you reached out to local businesses, schools, hospitals, etc.?

Just sell it and call that tuition to the school of life. 

Rate or Cost?

This property is in a great area for me in North Arlington (great schools, stones throw away from a huge community park, and close to I30), and the plan is to live in it for a year or so before renting it out (I’m sure I’ll be picking your brains when the time comes!). 

Even though you said that some wholesalers are raising their rates, there could be others who can provide good off-market discounts.It's important to approach direct marketing with professionalism and integrity, respecting homeowners' privacy and circumstances.

Also there are weather issues with Indiana winters and pipes possibly freezing, thunderstorms and hail damage2) Knowing how long to hold onto a property, 1031 exchange it to another property or DST, or in some cases sell it and pay the small capital gains tax (if any) to have less headache. 3) Underwriting the deal incorrectly (factors: local appreciation, rate of rental increase, economic growth, gentrification of area) and being overly optimistic (a renovated 100 year old home is still going to have problems).

In which markets have you noticed particularly strong performance recently in terms of rental demand and occupancy rates?

I am taking in school districts and overall convenience into consideration but don't know what else.

I know that 3% rate is great but look at the bigger picture.