Repair Bills (Just more things to go wrong over time).Service life (adjust the cost for inflation and see what kind of CAPEX you need for it).It's not needed to attract tenants (like an A/C system is in most places). 

Vacationers or tourists, long-term rentals, traveling nurses, EtcResist urge to jump into arbitrage or cohosting.

There were a few things that attracted me to this property.

If the sanitary conditions in your unit are such that it attracts pests of any kind, and it becomes necessary for us to undergo remediation in the building, you will be held financially responsible for reasonable costs thereof, paid as additional rent.

If the sanitary conditions in your unit are such that it attracts pests of any kind, and it becomes necessary for us to undergo remediation in the building, you will be held financially responsible for reasonable costs thereof, paid as additional rent.Please let me know what you have learned over the years about putting specific items in your least to protect you as a landlord. 

This one looks very attractive considering the area.

For now, I’d recommend just driving around and see what areas you tend to be attracted to. 

Right to work states bring in jobs.. jobs create buyers for real estate.add that into price points that are quite attractive and there you go.. and I suspect you have a lot of retiree's as well. 

That being said, it's going to be a delicate process because if they move or you force them to move, you'll have to turn the units and possibly fix them up in order to attract new tenants.

Just some things to think about.Unless you can get minimum 20% cash on cash with attractive term on your financing I wouldn't even entertain it.