They are all close enough for me to drive (no more than 10 hours) or $250 dollar round-trip. 

My goal is no more than 5 rentals as I'm keeping my day job plus still in the reserves.

It's based on comparable sales - what someone was willing to pay (and actually did within no more that 180 days; 30 - 60 days is preferred) for a property that is comparable to the one you're considering. 

There is no more glut of foreclosure properties, however we are producing plenty of opportunities in the SFR arena and delivering value to our investor clients. 

No more tenants destroying my property, that I have to deal with.

I suppose it might, if it continued... but the dealers are leaving this month, so there will be no more problems.

No more rat race and legacy to my son is my goal.

The way we set it up was that he received % of equity based on the amount he invested in the purchase (no more then 33%).

Inspected it every day then every few days and no more water.However, tenant wants us to pay for damages.

Had a hard time to sell it due to my partner listing it really high and then quickly dropping the prices which I guess made people think, let’s just wait until it drops no more and needless to say there was hardly any return to talk about even though there was no debt service involved.May be your experience will be different but be careful!