I have an STR in Niagara Falls and it does pretty well based on the purchase price. 

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In playing with the numbers a bit, I'm seeing a trend of atleast 2% rent to price and (ideally) < 7% mortgage rate needed to achieve a decent cash on cash rate.

I’m a broker based in Charlotte, NC, and I work with Compass to support investors in maximizing their growth strategies.

There’s also a scorecard that gets released based upon many factors.  

I've been allocating based on sf used all direct and indirect costs. 

You can't decide which one to choose based on the minimal information you provided.

This is verified based on the good schools, department stores opening up (Costco, Target etc.) as well as verified investment from Jerry Jones (Dallas Cowboys owner) and the city to grow the population.

I am also curious about when/how an attorney/legal involvement comes into play with this.

I just hope that there's a way to enforce compliance more strictly.As is, the playing field is uneven.