A couple expense assumptions:Insurance: .6% of market value per year ($1300 to $1700 for garden variety SFH)Repair buffer: $50/moPM: 8% of gross rent + 80% of first months rent HOA: Ranges from $0 to $50/mo.

And also try to prepare a buffer for unexpected issues (there's always something!).

Add 25 percent buffer.

6% Cap => $54k/0.06 => $900kThen I'd bake in 15% buffer for repairs => $900k*.85 = $765k

I want an additional buffer of income by the time 2025 rolls around, or earlier, to secure this financial independence.  

I put 2k as a buffer.   

I listed the property for rent and had a viewing and subsequent application to rent the next day at full asking price, providing a 30% buffer over PITI obligations to account for all expenses.

Bigger concern is making sure you have enough buffer that its not going to be an issue riding the volatility out until the rents go up enough you don't care .

Say I'm lucky and the repairs ARE <2000, I'd still be responsible for a couple months rent at least and be extremely pressured to sell within a few months.Ideally I'd like to have more of a buffer before jumping the gun.

What if some of them don’t have good systems so they do one week minimums, or have a day or two buffer between guests, or don’t use dynamic pricing?