CAP rate is just one of many "broad brush stroke" ways to analyze a property.

Both "stroke of the pen risk" with something changing as far as legislation.

IE what happens is the loan is called  investor should be able to stroke a check and pay it off..

For these firms it's an ego stroke  to the agents for a low fee to entice volume growth at the company.Find an investor brokerage to hang the license with.

No ulcers, no heart attacks or strokes it went according to plan.  

Sounds like this area has few STR regulations for the time being but that could change with the stroke of a pen at the whim of the local council, which is usually made up of local homeowners.

It's too broad a stroke to firmly say but, I will suggest an ARV up into the low $200's will work in many areas. 

JUST LIKE the BBB, most times, it is simply qualifying by having a business name for 1yr, they at times check for insurance, *you stroke a check for xxx amount for the year*, and then you are now a "Certified Contractor" with them! 

You'll typically find the majority are with a reasonable stroke of accurate, but some are exorbitantly high and occasionally you'll find one low. 

I know it is painting in broad strokes, but when I hear of an engineer with a connection to Dayton it seems they usually have an intimate knowledge of the Ghetto.I am still pretty knew to the REI scene, but I do have a small multifamily in Kettering and reliable folks that I work with in Dayton and Cincinnati, so feel free to reach out if you have questions, need recommendations, or just want to spit ball ideas.Along with all the great resources on real estate investing and frugality available through BP, it may serve you well to check out The White Coat Investor (blog, podcast, or book) it is an investing/mindset book for high income earners (especially those with significant student loans).Best of luck.