I'm looking into purchasing a rental property in the Belmont area of Dayton, OH and wanted to get any insight for this market as it seems concerning that the average rent is higher compared to the actual costs of houses in the area.

I agree with @Michael Baum, are they true comparables? 

Compare other rentals with a similar size, location and bedroom count to get an estimate of what the rent would be while you're living there.

I might also compare it to other markets..like Austin or Phoenix..where property prices have been shifting (from what i read in CNBC) but still show growth potential.

There is a lot of inventory in Jersey City, so compared to the rest of the state, there are opportunities there for good STR operators.

We passed, but even little things like  string lights or not having a grate over the fire pit were big concerns.Overall the numbers in Fredericksburg are staying the same compared to 2022 in my experience.

Inventory has held steady at around 5-6 months for some time now, with roughly 4% more active listings on the market in the metro now compared to November last year.

We then use this to compare actuals to throughout the year and normally do a reforecast at the end of Q1 as thing evolve and change. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Sadly it is always overvalued for the locals as well.For context: the same comparable duplex a client purchased for $750k last february 2023 in Lil Havana is now asking $925k.