Let there be no doubt "Tiny Homes" are catching on.

Undeveloped, a short distance from a TINY town, but a long ways out from larger ones.

How motivated is a PM to get you a 5% rent increase each year if they get nothing or some tiny fee?

One of my rentals has a tiny corner of the building in AE so flood insurance required, but preliminary map shows it will be removed from AE into X once it becomes effective, so can't wait for that to happen.    

There are definitely better cash flowing deals to the east :) I used to live in Glendale and we sold our tiny 2 bedroom house with no yard for over 500k so I know how expensive it is!

Second, I had a offer accepted for a tiny 2 bd house (so cute) with a huge yard in my tiny town where rentals jump off the market before most go on!

Each of these are separate municipalities despite all being within ~15 miles of each other and have their own (tiny) population figures that would skew the OP's basic formula.

I may go a tiny bet higher if there is some compelling reason.I just bought an  $800 rental for  $37k and repairs went over budget and I'm in it at $43 - I think that's high.Don't overpay. 

They literally turn small attics into bedrooms (tiny things) and are able to sell their properties and profit nicely on the sell.

But right now it's an hour drive in gridlock traffic from Long Beach and I'm kinda tired of living in a tiny flat where I eat and sleep in the same place.