What I thought could be an easy fix, turns out to be the entire roof that sweats on the underside of the entire roof when it’s cold out.

You will eventually sell the property.

@Benny Weksler OK, is this the kind (and location) of property you're interested in? 

Don't forget property management fees. 

Also, you can write off the entire lease rent payment whereas you can only write off the interest for a mortgage.These are the two basic differences in LH vs FS to consider.

However, I am out of state and I m struggling to find a property manager for the mid term units.

When we were focused on rental arbitrage we had our system down to furnishing a property in 2-3 days once all items have been delivered .

Most who rely on the "1 percent rule" are novices buying the cheapest of cheapest real estate with little awareness of the  the true operational costs of owning property.

The property does need a significant renovation about 425k worth to redo everything.

Also, Connecticut has its own fair housing rules, so if you're promoting this as a public program or doing it across multiple properties, it might be a good idea to run it by a local attorney or fair housing specialist just to make sure you're not crossing any lines.Yes, it’s legal if it’s framed as a voluntary incentive and not used in a way that could be seen as discriminatory.