Thus, it is very market specific.But that's really just an initial apples-to-apples comparison.

My question is more to the usuability/sellability than cost comparisons as I'm adding a bath either way.  

There are some recent sales comps in the area but I don't have access to the specific data other than $/sq-ft and I don't believe this gives me a good comparison because I don't know what those properties cash flows were.

Cap Rates don't really matter when it comes to residential properties (other than for your own internal comparisons) Where I would disagree respectively disagree with Joel is:That most people on BP "leverage to the hilt."

As an LP, how should I compare the track record of a sponsor that began with experience in the market prior to the Great Recession and weathered the storm vs a sponsor that spawned post 2012? How much credence do you ...

@Eric Sanders I’d be cautious making comparisons between different investment classes as the basis is often very different.

Finally, I would check to see if section 8 is available in various areas and do a cost comparison of which towns provide the highest payout.Just my humble opinion. 

That would give comparison to normal.- I didn't see any strong consolations between the variables you selected and low or high rent collection.

Concerning where to invest, I learned a lot on the way, here is some research that I did in 2018:Posh Grocery Store Affordability Indexfirst posted: 2018-05-19 07:53:43.214870As an out of state investor, the issue of comparing rental property nationwide is key.A naive approach comparison of median rental yield leads means that deeply blighted cities get compared with dynamic and affluent ones.Such an approach makes blighted cities more attractive.

Do you ever see Kansas City becoming over saturated with investors and with continual tech boom going on, are you worried about sudden increases of cost of living in comparison to places like San Fran and Boulder, CO?