I'm pretty tolerant to both, but it is definitely not as cold as Chicago or as hot as Texas.

Everybody has a different tolerance level of value based on rents so that is certainly subjective but 120k for $1000/mo doesn’t appeal to me in today's market.

You'll likely get some good opinions as other members here answer, but good golly it is a doozie of a questionI can tell you CFP and CFA certified/chartered individuals will require additional information including life goals, risk tolerance, age, human capital, lifestyle expenses, etc.

For me at least, I couldn't do it with an out of area mentor or coach, I wanted good access to the person and the deals, put my eyes on it, but I'm in Houston, which has a lot of inventory, I don't know where you live, if the inventory of coach mentor and deals will support it , or your risk tolerance for something that isn't local to where you live.

Everyone's criteria and risk tolerance are different of course.$18,000 equity (20% of $80,000 + $2,000 in closing costs)Annual Income = $11,880 (includes 10% vacancy)Annual expenses ~$8,450 from above.

Lots of bedrooms for any size family, and renters often can't tolerate paying the heating bill for an over-sized house.Sometimes these can be made into rooming houses, if zoning permits (but that is a more hands-on business to be in than whole unit rentals).

In this case level of self tolerance to lies is just unbelievable.

Perhaps it is supposed to mean that a property should generate positive cash flow within 2 years (I wouldn't tolerate that long)?

Particularly, if your time horizon is pretty far out, the only question should be, where can you get the best return for your risk tolerance?

This is a pretty personal issue that depends on a host of factors including your current financial goals, investment opportunities, risk tolerance, time horizon, cash flow, cash reserves, etc.