This method provides an indication of value based on the property's rents.

I am local to Los Angeles - based in Orange County.A bit about me: I’m a civil engineer by profession with experience in local government.

Obviously tough to give advice based on minimal info and no info on your personal situation.

So - somewhere 2 hours away, or somewhere you like to vacation in, or where all your family lives, or where you plan to move someday.Too many people are trying to do exactly what you're doing - pick a market based on a formula - and they end up buying a random 'cheap' property thousands of miles away, turn it over to people they've never met or even spoken to, and then... lose money.  

Minimum $100,000 rehab based on my 10 minutes of inspection, shingles missing, foundation problems, cracked tile in house, cracked drywall joints everywhere in the house, rotting deck in backyard etc....

Or a seller finance calculator showing the monthly payment based on negotiated price, interest rate, down payment, etc.

These forums are a great place to learn and connect with fellow investors.I’m an investor based out of Columbus, OH.

Prices a few years ago were based on expectations of (in addition to interest rates staying low): - Then current operating cost assumptions (like insurance cost expectations being flat)- A seeming disregard for record levels of new inventory / supply hitting the market- Extremely high inbound migration expectations which are likely to not be met, due to both natural disasters and the boomerang effect when people from California or the Northeast move to the American South and hate every minute of the humidity, the large and relentless swarm of insects, and the occasional hurricane. 

Our PM company signs various ones for both our residential and commercial landlords with similar language and base pricing.

Hey Nicholas, I’m an investor and realtor based in Indianapolis, and I’d love to help you explore opportunities here.