I am not kidding I have seen 4 new developments around the attractions area over the last year.

Investing in a more recession-proof market (I see you're in LA) might be a bit more attractive at this point in the cycle.

Look closely at the condition and what you are going to need to invest to make it an attractive rental. 

Return it to the condition it was so you can attract a better resident 2.

Although the metrics aren't as attractive as other markets, the metrics still look good! 

Which, again, is why BRRRRing is so attractive to me.Considering my end goal (multiple buy-and-hold) I was gonna start with a BRRRR, but VRs came up as an idea, and I got excited about that possibility as well.Thanks again!

You might have luck attracting some of those tenants for the year.AirBNB:  It's not ideal because you'll need to furnish but this is an option. 

Whereas, if you've got buyers for the flips, you may want to cash in on that, and potentially look at other places that do have good long term economies and are attracting millenials or short term rental people for the buy and hold...Also, there seem to be some very good advantages to being a 'real estate professional' I think it's called:  you have to work 750 hours per year on your real estate business (which you probably do, working on the houses--physically, and if you're managing them, marketing, leasing etc), and check with your accountant, but I think you get some pretty good tax advantages...DEFINITELY go to the meet up in Havre... 

Your home is clearly a nice home and in a nice area to be attracting consistent renters with no signs of slowdown.

If you property is in a low income area, you will attract low income tenants.