Most property management contracts put the tenant selection process in the hands of the property manager and can easily leave you out of the process.

For instance, I sometimes look to buy properties that have a "weird" floorplan that turn other buyers off, but which I know I can easily fix to force appreciation and/or rent--that might be THE deciding factor in whether I buy the property, but there isn't ANY data representing that factor!

One bonus about you paying the internet and owning the equipment is you can more easily add security cameras and/or a security system to the router/modem as the tenant won't be taking the modem/router when they move out as you will be owning that equipment. 

Poking around online we should be able to build onto (second story) the property and “easily” permit as a duplex. 

This is another great way that you can reduce or eliminate your housing expenses or even create income. 

Facts will also eliminate some of the emotions behind the decisions to be made going forward…which emotions can run high in situations like this.4.

If you factor in those things you could easily get a 50%+ ROI.

If you can, well then you can give it a shot.Also, if you are looking in a major metropolitan area, be prepared for rapid changes to the code that could prevent non-owners doing it to eliminating STR's all together.

If someone would have only handed me a 10$ copy of rich dad poor dad when I graduated high school ( came out same year 96’) i could have easily been long retired as a millionaire today

And give or take what New Orleans does with their STR permit rules come March I can easily offset this number greatly with a few nights a month on AirBnB/VRBO.