Which brings the next item, demand for rentals and the shortage of units in rental market is nothing short of historical.

I would look at the historical prices for the increase. 2.You can go to rentometer.com and see what are the approximate rents for you locating in the last 12 months vs 24, vs 36 vs 48.

Historically 6-7% is very much within the norm over decades.   

Rates are pretty high right now (based on the past couple of years, not historically) and I don't think you'd have a ton left over each month to cover the BS that occasionally arises with being a landlord.Also, arguably, prices might be dropping and interest rates might continue increasing, so you might find yourself in a worse financial position in a year or two with being upside with higher payments. 

I have spent the majority of this weekend studying historical market numbers.

It will not be back for a while so it might help to look at what rates were historically so you can see that 2's and 3's are not realistic and were not going to last.

We send actionable analytics, which we generate based on the physical property characteristics, analysis, historical information, processes, and experience.A real estate license or access to the MLS is not what matters.

Unfortunately, with the ongoing worker shortage, many businesses are backed up much longer than the historic average.

There are more creative options available in this stratosphere at or around 6.5% but just an illustration of how historic the acceleration and deterioration of readily available cheap credit has occurred.

Rates are historically pretty average, not high.