Municipally law, rents, and appreciation all factor in to the things that make up a market.  

So I think it is dictated by your ambition, time and financial factors.

First - we have not yet decided on the unit to start our journey with so the above questions and factors are great to be aware of.

BRRR is solid but far more active so it depends on a few factors but mainly time, money and effort you're will to put in.

You can absolutely do a container project for the marketing factor or just because you want to.

Everything being said I am absorbing, factoring into my decision and asking my sponsor questions.

I understand that Cap Rates are not a set number in an area/property, and they depend on many factors. 

What are the most important key factors you guys use before investing in a property?

@Roger Garner there are many factors that go into the decision of whether or not to keep your property as a rental. 

I should add so many agents here, are gonna tell you this ******** about renting being a waste, but it’s literally cheaper by in some cases thousands a month when factoring in repairs, you can put excess savings into index funds etc. every single friend I have all of whom are pretty fiscally savvy have made the same calculation, I even have a good friend who is trying to sell his condo to rent because his monthly expenses will decrease when he sells his condo & he can be in a better area.