Choose any two of them and see if they produce similar numbers. 

Considerations we've heard/read about are: distance to primary residence, location of the property in comparison to the primary residence (ie, if we live by the beach and we buy a property by the beach, it's likely not our vacation or second home, whereas living inland and buying in downtown or by the beach could be a more likely second or vacation home), and minimum timeframes for owner occupancy (like 14 nights if we eventually choose to do STRs there).We live inland and if this does allow us to buy at a higher price point, we're open to looking in more tourist-y areas of the city.

For anyone that's partnered with Fund & Grow for financing, do you have any ability to choose which business cards to apply for?

Choose,It's good to have a general guideline to start with, but as you gain experience in a particular market you need to adjust your numbers based on experience.

This takes a little more work, but it's the fairest and reduces the likelihood of tenants that squander utilities.If you choose #2 or #3, there are considerations:Start with an average.

I would establish a team in whatever area you choose.

Google ratings and scheduling a consultation is always best and choose an attorney that way . preferably in the area that the properties are located in . 

Many investors from California, are choosing to invest in the midwest because of the yearly returns making more sense in these lower priced markets.

Not only that, partner with experienced investors who can partner with you on these deals- Usually it's a personal preference on which market to choose.

Depends on how liquid you are after if you choose to and if you'll have enough for your next real estate aquisition