The OP is, IMO, so far on the wrong side of the spectrum with this issue that I felt the most appropriate response was to illustrate the tenants likely point of view.And finally, there are plenty of people on this forum willing to give advice on how to be a more efficient slumlord all day long.

We employ multiple strategies across various spectrums.

I’m not disagreeing with cash flow and leverage early on, but I have seen two ends of the spectrum and man, does the grass look greener holding a lot of equity when older, than holding a lot of debt. 

. - "False Evidence Appearing Real" - and you have to be careful who/how you ask about it (Hint: don't ask an insurance salesman if you need insurance).Info: The Asspro Nebula - What is needed for complete asset protection OR the domains that need to be intersected to find asset protection nirvana -https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-spectrum-diagram b. 

But, I think that based on all of those things, plus the pure convenience of having it already set up, is worth the higher end of the spectrum.

If you are considering month-to-month, you may need to also consider the short term rental spectrum.  

Thumbtack app is a good way to find photographers across the spectrum

I have partners who are up and down the age spectrum.

I think real estate investors, by necessity, lean toward the cynical end of the spectrum.

Those houses might sell for 150-200k.Then on the opposite spectrum you might have a $5,000 house that needs $100,000 worth of work to get it livable but at the end, will only be worth $60,000 due to the location.Someone local will know that.