I’m mainly just curious and want to get more insight.

The settlement charges consist of 2 main categories: closing costs and prepaid/escrow items. 

Messiness attracts roaches. 

It's nice, so you should be able to attract quality tenants and get maximum rents.

@Vivian Huang I just went with one co-signer - the main breadwinner parent.

It's not like a regular rental, so you will need to have days for cleaning/turnover unless you can afford a service to do it in a couple of hours.The type of home you get will just determine what type of client you'll attract. 1-bedroom condo might attract more business clients traveling solo (some of which stay for weeks and have an expense account), 2-bedroom might get more families on a budget, SFH might get more families more willing to spend.

Is Cash on Cash your main metric or is it cashflow or something altogether different?

In the end, combine all of the above and the yield doesn't look so attractive after all.I think we need another plan :)@Dmitriy Fomichenko - chime in.

I'm with Listing Leaders (main office just moved to Merrillville to be more central).

I am a CPA as well, although these days I am mainly working as a real estate agent.