3X is a GREAT entry for most as long as it's not a sinking ship or with crushing overhead and miniscule margins. 4X-7X is a normalized range for acquiring many different business's.  3X earnings?  

Personally, my primary residence has appreciated around 6% in market value and I live in Levittown. 

Each large market has many sub markets.  

For example, I own two large multifamily buildings, and when I tried to get a tax exemption for them, I had different experiences.

Additionally, in the past six months, I’ve reviewed about 45 multifamily properties (ranging from 10 to 80 units) for my real estate private equity firm.

Keep in mind that her commission on DST deals falls within the high single-digit percentage range, so the quality of service should reflect the premium fee being paid.There are many qualified Sponsors to consider.

Based on that, their personal use kills the STR loophole from 2024 forward. 

@Jordan Brown It might be difficult to find properties in your price range unless you're willing to house hack.

Most that do this, are subs from large metro areas that do a lot of work with a reputable builder. 

(Either with the roofing company, a heloc, or a personal loan.)Either way you will probably be way ahead on interest saved unless you have a sub 6% interest rate.