So the 2% rule (rent / purchase price) is almost impossible in Denmark.

Along those lines, most think McDonald's is a burger franchise, well, they are, they sell franchise's but they own and lease the stores, actually, they are a large real estate operator.The Board of Realtors is a franchise, it's a professional organization that Realtors must belong to in order to be a Realtor.

The toy store owner has customers, the burger joint has customers, an RE agent who doesn't have an agreement to represent someone has a customer, landlords have customers they don't represent a tenant, they don't act on their behalf, they provide a product and service.

Notably I will be bringing a significant portion of that out of state money to In & Out Burger.

50% rule?Rents

Even by the classic 1% rule (rents should be 1% of purchase price), its $70K overpriced.

The time-tested Golden Rule really works. 

In no way am I affiliated with them but if you are ever in Willoughby check out Burger's Ace Hardware. 

A financial calculator is in the vehicles as a back up, I have 4 TI BAIIs around here.I carried a box of blank forms and contracts in the Realtor-mobile.I'd have a straight edge engineer's ruler to draw floor plans, I could take off better drawings for rehab as needed at the office and check appraisals.Take a couple legal pads with you for drawings and notes.

You had Jonny Burger Flipper in a home that cost $150K while his salary was barely 10K a year.