You want properties that will yield the numbers required to get to your goal.Here's my easy equation for getting the numbers and understanding the cash flow you'll get from a property-https://www.biggerpockets.com/renewsblog/2013/01/1...If you leverage the money you have into those out-of-state properties, you'll find yourself getting a good chunk of cash flow if you get the right properties.

If so SFR's may be out of the equation given the price to rent ratios.

However, this just makes my decisions even harder because I cannot get a good grasp on what my goals should be prior to purchasing.I can see how including many investors into the equation can make it difficult, but what if we simplified the scenario by just using 2 investors, me and a friend.  

Here is more regarding this topic:UBIT & SDRIAThe ROI equation is correct, however, the total investment of $25,400 is not.

Thanks for your thoughts.I'll add CapEx to the equation.  

Timing can play a huge part in the equation.

As you mentioned, the other part of the equation is more individual in nature...our intended lifestyles and what each of us gives up on the W-2 side.  

The number of deals you'll actually get is a function of your conversion rate:Deals = Pageviews * Conversion RateThis equation can give you a rough idea of how much traffic you need to get to your site to get the number of deals you're looking for.  

What it boils down to is the equation of cost/time.

Also I did recently add a PMI equation into my numbers just didn't include it for what ever reason.Thanks!