Gross rent multiplier (GRM) A method that divides the purchase price by the gross annual rents when the property is 100% occupied.

As far as your next property, if you are already considering moving you will get better loan options + interest rates if you decide to live in the next property and rent out your current house. 

When evaluating markets for rental properties, there are a lot of factors to consider: population growth, employment rates, rent to price ratio/GRM/Cap Rate, rent trends, vacancy rates, etc. 

You can't charge extra pet rent or even a pet deposit because it's legally not considered a pet.

The property was rented and generated $160 cash flow after mortgage, taxes, insurance and property management fees were paid.

On the negative side no one wishes to rent long term here!

@Isaac Hanai make sure you FULLY understand the negatives of S8 programs, not just the mirage of consistent government rent payments.

If not, how much are you all "throwing away" on rent when those funds could be applied to ownership?

You are LOSING money because you didn't even raise rents to cover those increases!

I am using rent-redi for this house since it comes with BP pro.