For an unrenovated 1+Den/1BA LTR in our section of Northeast though, $1,300-1,400/month is certainly in the ballpark of what I could comfortably get with some very minor improvements to the space between tenants.So all that being said, I think your target of $1,500-1,600/month for your 2BR units would be more than doable. 

Maybe you can expand on what kind of properties and price points you're targeting, buy & hold vs Flip vs MTR etc?

This is just markets behaving normally, Austin was my first target two years ago once I got wind of the permitting and homebuilding we saw the long coming in and whether it was 2,3 or 4 years the entry point was way in front of us.I don't know if anyone gets "use to" 7% rates without home prices behaving and/or wages responding appropriately.

As long as I can get my target numbers without being pet friendly that is what I will continue to do. 

Although instead of knowing about roofs and rehab.. land folks need to know about:Zoningwhere is the power  is there internethow deep are the wells or is its an area that water is super toughDoes it perc. and or how expensive are septic systems.Wetlands Etc.Now if you target land with all city services then its just dead simple.. figure out the retail value and buy below it and do your flip..

You can also target a SFH that has a casita or has room for one to be built.

Think about what renters in your target market value most, such as green spaces, community centers, or high-speed internet access.BTR is a rapidly growing sector, and careful planning of these factors can help ensure your project is successful.

Is there anyone they partner with here to put on US MLS, eBay, FB, all the social media sites, craigslist, land watch, land.com, etc.Who is your target buyer? 

Quote from @Nathan Gesner: If I've said it once, I've said it a thousand times.Nathan, while what you state works 90%, when you reach a certain level you become a TARGET for predatory attorneys and professional plaintiffs.

She would become my tenant, and I am targeting a 2-bedroom, 2-bath townhome if possible.