It is really simple, and you are vastly overcomplicating it. 

It just took 2 years instead of 6 months, and a vast amount of stress and hard work. 

  $400/week.It's been my experience that when people move out of one of my places and into something vastly inferior (and 1/4 of my price), they don't last more than 2 weeks on the job. 

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

Build a rockstar team of agents/lenders/contractors/prop managers (the Core 4, as David Greene says) in any of the top 20 markets and they will add vastly more to the return and peace of mind than the particular city.

The VAST majority.

But for the vast majority of investors the burn out caused by high evictions, violence, domestic abuse, unemployment, life crisis of tenants, intentional property damage, drive by shooting, illegal activities, use of weapons, police raids, police neglect of neighborhood, etc. results in investors desperate to "get out" after about 90 days.  

STRs are way more fruitful than traditional LTRs - in the vast majority of scenarios.Best of luck to you and everyone else looking to invest in STRs!

The vast majority of Section 8 tenants are just regular people who need a little financial help from the government.

Quote from @Brandon Croucier: Hi Kathy, at the end of the day the mortgage industry is so vast & wide it's essentially like trying to navigate the Sahara Desert.I highly recommend working with an experienced mortgage broker who knows the ins and outs of the industry to place you into the most competitive product for you.More times than not, people save money working with a small shop broker.Kathy,I wanted to revisit this to offer a a tad bit more and Brandon above is correct.