Generally speaking, on the west coast,  tenant protections increase on month-month contracts.

@Jay Hinrichs yes, you are supposed to pay taxes on gains, though it’s like the wild Wild West.

I just put two long-term rental properties on the market that we rehabbed in desirable area of West End Boise and demand is a little lower than expected.

@Bonnie Low so our MTRs in Dallas are actually in a suburb west of Dallas called Irving.

Quote from @Raymond C West: When setting up an LLC, what are most REIs doing? 

I.e. if this property were located in Oakbrook/Centerville versus Miami Chapel/West Dayton, you will have a dramatic shift in price and operational ease.I would talk to brokers in the area.  

Some that come to mind but not an exhaustive list in/around the city are Brighton Heights, Bellevue, Avalon, Carnegie, Crafton, Ingram, Beechview, Brookline, Troy Hill, Millvale, Etna, Sharpsburg, West View, Greenfield, Brentwood, Coraopolis, Bridgeville. 

But out west here generally speaking surface mining on a small parcel simply will not be allowed in the current zoning code.. 

And folks from the mid west would say 3 to 4k  and some would say 5k with most folks thinking these days 10k is enough.. and then just as you say work the math backwards at 300 a month which is pretty tough to make if your max leverage and you have your answer of how many houses you have to own and manage.

If you’re looking for cash flow, check out the west side of Cleveland and Akron.