Based on airdna numbers using the rentalizer here are stats for the house you provided above 3/2 based on 6 person occupancy.

In Texas we are getting read to change the standard promulgated contract to prohibit assignments even if the buyer stats as/or assigns from what I understand. 

Thanks for sharing this Zeke, do you know if there are good tools/stats websites to pull this information? 

I suggest reaching out to different real estate agents, property management companies, vendors, etc. to get a good idea on the market stats in different areas.

- Replace HVAC (Heat Pump and Fan Coil + Digital T-Stat) February 2021 - Total Cost: $12,350.00Additional Rough Costs: $2k-Updated Kitchen:oButcher Block Counter TopsoComposite Granite SinkoNew Black Faucet and Garbage DisposaloWhite Porcelain Large Format Tile BacksplashoPainted urethane white cabinetsoNew black hardware pulls-Bathroom UpgradesoNew toiletoNew lighting modern fixtureoNew larger modern mirror What was the outcome?

I think a big part of being an investor is always being willing to examine your assumptions.

I'd start by examining your after-tax income.  

Depending on the property, I also like to check the Rentometer numbers in case I were to switch to Long Term Rental and Furnished Finder stats for the area to see if Mid Term Rental would work during slow seasons.

@Don Johnson  In general, the East side of SLC usually has the best appreciation for single family homes (neighborhoods like Sugarhouse, the Aves, East Millcreek, and anything along the East bench usually has good appreciation...but they also tend to be expensive properties to buy...).  ...everyone wants to live in those areas, but there's a finite number of houses to go around, and very few new single family homes are being built in those areas, so it's a fairly straightforward issue of low supply and high demand.However, I think I saw a stat recently that showed that some West side areas like Taylorsville had the highest appreciation in SLC last year (even higher than the East side neighborhoods)--my theory is that the East side has become so expensive, that most "normal" buyers (that is, people with fairly typical incomes) cannot afford the East side anymore, and are therefore being pushed toward West side areas like Taylorsville, driving up prices in those areas.... that's just my hunch (I don't have any data to back it up). 

Some are probably geared more towards ownership, so 25% might be high in those cities, but not sure I've seen stats on SFH.