Another you could have done was to call a few other PM's in the area and get their take on the rent range.

https://www.har.com/content/department/mlsHouston Real Estate Highlights in November, 2024:-Single-family home sales increased 6.0 percent year-over-year;-Days on Market (DOM) for single-family homes went from 48 to 52 days;-Total property sales were up 3.3 percent with 7,750 units sold;-Total dollar volume rose 11.1 percent to $3.1 billion;-The single-family median price was up 1.5 percent to $329,900;-The single-family average price climbed 4.1 percent to $418,903; -Single-family home months of inventory registered a 4.4-months supply, up from 3.5 months last November.

Not to mention retail buyers that also buy opera properties, Our normal range is between 1300 and 1600 sq ft for single family, which we have found to be ideal for results.

For a regular 1031 you will find a range of prices from 900 ish to 1500 ish for a complete exchange. 

I’m certainly newer in the capital raising space and I’ve found quite a wide range of experience levels throughout the group.

It's like asking someone what you should look for in a wife.You need to focus on what your goals are first, then take a personal inventory of your own knowledge, skills, interests, finances, available time, etc. 

I talk to many of my lenders who are sitting on tons of garbage inventory they had to take back.

I’ve been exploring MF properties because complexes in the $1M to $1.5M range appear to generate better NOI.

are you getting your inventory through agents now? 

Other properties in that area of similar size and vintage in good condition have sold in the low $200s and rent in the $1600-$1800 range.