A big factor to these approvals is on the operators involved, confidence in there capability.

Don’t want to emulate that mistake in real estate by allowing myself to become too influenced by companies that are simply good marketing their own services but not great market prognosticators.

Factor in all costs, including maintenance, vacancy rates, and property management (if you choose not to self-manage).

Cap rates vary by several factors.

Take into account the travel time, phone / video time, mistakes along with all the other economic factors.

Depending on different factors, primarily lot size and location, we have even been paying $1m+ for houses to tear down in Seattle and $2m+ in the Eastside . 

But there are many different personal factors that you would want to consider, which may make it difficult to get helpful answers on here

One intangible factor is that we'd really like to live in a new area, so if numbers end up being comparable, we'd end up looking out of state for the duplex to rent half of.

Understanding the remaining life expectancy of these items and reserving funds for their eventual replacement or repair.Insurance costs are another significant factor.

The 'what you get' for the money factor is highly applicable from Brookings to Astoria and licensable STR coastal vacation rentals are still regularly attainable at workable terms, Luxury and oceanfront and lakefront properties tend to perform above the 10% of valuation in gross annual income for prime coastal STR's and as an example I've seen a $2.1 Million Oceanfront home produce $300k in gross annual income.