Hate to break it to you, but there is no one sized fits all answer.

The purchase price would be close to the value of the real esate itself  without any business value added on top.Ideally rental loans with low interest rates would be a great fit but I don't know if most lenders do these for ALFs.

At the end of the day as long as you find a city that fits your criteria it comes down to how good of a team you have in place.

You should also then comparee to some smaller Brokerages wish may offer better commission splits and lower fees but sometimes it just comes down to the right fit in terms of the managing broker, office location, etc.  

Over the last few months I have been educating myself reading, watching the videos here on BP, looking at as much information as possible but I still need some help with fitting all of the pieces together. 

If you jack the rent too much they could say F it and stop paying and you would lose out on a years worth on rent because they refuse to leave and the eviction process in CT is a pain in the ***. 

Part of my role is helping new investors/owners understand our product and decide if we are a good fit for their property management needs.

Does it fit in your longterm goals?

The purchase price would be close to the value of the real esate itself without any business value added on top.Ideally rental loans with low interest rates would be a great fit but I don't know if most lenders do these for ALFs.

Just keep in mind that different PM companies operate differently and sometimes an certain owner and PM company is not a good fit for each other, and that's okay.