to my application and let them know right up front that is a requirement.  

Make sure your model includes:Furnishing/design + housewares (this can be a big chunk, especially if you want it to compete visually)Security system / smart locks / thermostatConsumables + linens + duplicatesProfessional photosInitial repairs + inspection surprisesPermits/HOA rules (if applicable)Even a modest setup can materially change your cash-on-cash return in year 1, so it’s worth pricing this upfront.3) About Vine City/English specificallyYou’re thinking in the right direction on appreciation drivers (downtown proximity, universities), but with STRs you’ll also want to factor in:Guest comfort/perception (this can affect conversion rate, ADR, reviews)Insurance costs and any risk premiumProperty condition and ongoing maintenance expectationsIn other words: it might be a strong long-term play, but run both the cash-flow case and the appreciation case separately so you’re not forcing STR cash flow to do the heavy lifting.4) Should you consider other markets?

These exact same principles (fundamentals really) are applicable in my market too, and probably most if not all markets. 

I am just thinking in terms of applicances, electric, pipes?

The management fee itself is 0.5-2.0% fee which is expensive.I've compared many Deferred Taxes Strategy: 1031 vs 1031 DST/TIC vs Deferred Sales Trust vs M453, the one that is applicable for a regular people is actually only 1031 exchange.

Diane, if you plan on holding the property for the long term then a cost segregation study would be applicable.

After you have segregated your accounts it may not be that bad keeping them maintained, especially if your use a good software program (like MAS 90).

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

I always provide info on Mold at signing to educate folks (along with the Lead Based Paint booklet if applicable).

Things like application fees, late fees, pet rent, and laundry tend to be more durable if they’re already in place and collected consistently.