It isn't the metric you can talk about on a national scale, but if you keep buying the same product in the same area it is a very easy quick and dirty method to know how you are doing compared to other buys. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

A fourplex means four times the appliances, plumbing, HVAC, water heater, and other repairs, driving up maintenance expenses compared to a single family.In Las Vegas, multi-family properties attract transient tenants, like singles or couples without children, who typically stay 1 to 2 years.

I would go off of comparable cap rates when dictating the sales price.

Managing the operation myself could save money and provide better control compared to working with out-of-state properties.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

There is a lot of inventory in Jersey City, so compared to the rest of the state, there are opportunities there for good STR operators.

For your $2M property, a cost segregation study estimates $316K in first-year depreciation (compared to $28K with standard straight-line), potentially saving ~$117K in taxes at a 37% rate.

No, they are not 100% passive, but NOTHING you do in a REIT, stocks, Bitcoin, or MLM can come close to comparing. 

I recognize that my net worth is small compared to some of the people I associate with.