Obviously every situation is unique it's on you to check with your intermediary and lender to determine what price range would be realistic to start looking for deals in before it closes so you are ready to roll. 

The entry level point for STR's has risen to the $4-500k range with many now pushing $750-850-$1M+ and I would expect that to continue to increase.

@Brent Mendenhall The best thing for any investor is to avoid your company and those like it out of respect for their investment dollars.Why is there no formal agreement between RAD and DDH Fund LP when DDH Fund owes RAD's investors millions of dollars and collects rents on behalf of RAD.

Trust me.Set the Tone Early: Respect is KeyAs an introvert, I hate conflict.

With interest rates on your current properties in the range a stock market portfolio might return paying off the mortgages could be a good option so you maximize cash flow.

Most of my CFO clients that are in residential development are looking for IRRs (usually over a minimum 5-year period) in the high teens and the commercial developers are looking in the low to mid 20% range.

I’m a first-timer, so bear with me if I sound a little clueless – I’m still figuring it all out.Here’s the scoop: I’m looking to purchase a long-term rental property within the $300-350k budget range.

Are you looking for more SFR in the same price range in your local market?

Quote from @Jaycee Greene: Assuming you pay asking price, I'd estimate the down payment for something like that using a hard money loan (HML) would be around 40% of the purchase price and your monthly payment would be $2,600 with an interest rate in the low 7% range (probably need a 700+ credit score to get that).

There are a lot of snakes in this industry, so I respect your discretion.