Just be sure to read the good reviews, bad reviews and filtered reviews. 

That’s where I am starting, as I’m convinced that collecting a bunch of metrics from different sources is a good first filter to deciding where to do deeper research.

Of the $293 gross cash flow, I pay for landscaping ($100/month), pest control (tbd), air filters, etc, so I'll end up netting about $125-$150/month with a great renter in an appreciable area.

Is there a filter within any of these apps (or a 3rd party app) that will tell you how many properties are listed in the area, occupancy rate, etc.? 

@Didier Prince No matter if you use Listsource, Melissa Data, or any other list provider, don't feel like you have to limit yourself to the filters and criteria on their website.

MLS = retail buyers.I recommend setting up a Zillow filter that screens for properties in the areas, price ranges, and criteria you like. 

It's better to be as up-front as possible in your listing about things like these, so you can filter out guests who will leave you bad reviews because of these things.Also keep in mind that there's a big difference in laws depending on whether or not you occupy a room in your short-term rental. 

That is based on the 1% rule which is NOT a hard and fast rule but it is my first filter when looking at prospective properties. 

Better cash flow, more breathing room for expenses and other costs.

My thought process is that this would give me more negotiation room, and allow me some breathing room to do further research on the area.