It's a new metric I'm tracking and helps me feel better about high purchase prices.There are some additional qualitative requirements but from a pure numbers perspective, this is it.

OR purely an investment?

It is pure gambling at that point at the cost of your money. 

Cleveland is pure cash flow, but Columbus is a hybrid of appreciation and cash flow. 

One of my properties is located in CA: I own it free and clear and it generates $800/month in pure cash flow, it is worth $380k.

The only real difference I found was that the lease had to be tighter than a pure rental, and I had to be more concerned that I liked the tenant as a person and not just their income.

I should have used PM software to bill the tenants for rent and utilities like I do for my other tenants.2) I didn't run the numbers as a pure rental.

Cash flow is extremely hard to come by around here (everywhere right now), but these numbers look pretty decent ($250-300 "pure" CF, depending how you cut it), even after accounting for $900/yr. in flood insurance (owner currently pays $800). 

I already asked if they would approve increasing the amount but because it's now purely an investment property, they cannot increase the limit.

@Matthew PaulThe worst part is that is actually the best advice from a purely financial standpoint.