Benchmark and make relative comparisons of sponsors and deals you know to be good vs. new opportunities after you define what you are looking for.

The tumble comes as the Federal Reserve holds its benchmark rate near zero and continues buying mortgage bonds as part of its plan to stimulate the economy.

My overall recommendation is to Benchmark against other forums. 

I understand they vary, but is there a benchmark for this?

Sometimes there is published HUD housing data showing average allowable rents in county or city as a benchmark also? 

@Mansoor Ahmad you want to find out what the area cap rate is for your specific submarket, and use that as a bench mark.

Turnkey rentals are kind of like wholesaling a fixed up property to another investor, too.You dont always need a formula, but it helps to have a benchmark that works for your business or your investors.

This has allowed me to develop my own benchmark, making my analysis strong and more accurate.

Nice to know some benchmarks.

Comp rents are just that a benchmark!