MTR brought in 75% of the gross and more of the net due to lower cleaning fees for turning over the STR.For gross numbers we brought in about 1.2% of the ARV value in monthly rent this year which is decent based on the rules of thumb at least. 

@Yuan He, happy to connect with investor based in Nova scotia

This is home for us, and our portfolio is based here.

Real estate's "gross rent multiplier" is Wall Street's "sales to revenue",  "cap rate" is roughly "P/E ratio".When evaluating markets and investments I tend to start with GRM (or lazily the 1% rule), then attempt to return a cap rate based on assumptions about costs, then I work my way to multiple years of projections (assumptions about inflation, amortization, tax benefits, etc), and if I am partnering with one of my smart friends I have to pull up an IRR (internal rate of return).I also look at regional employment levels, median income to rent ratio in the zip code etc. 

Making decisions based on "rule of thumb" analysis isn't analysis, it's guessing. 

This is based on demographics/interests including age, profession, income etc.. 

They will tailor a program for you, based on their success with similar businesses.  

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

@Fakaradin Floy as mentioned landlords in alexandria don’t need help renting units right now and will not risk arbitraging the unit that is solely based on your ability to rent the unit when you have no experience and will most likely take no responsibility for damage.Am

If it were to read LP member owns XYZ% and will receive a certain percentage of proceeds based on property performance, that's a different story.