I could have avoided a lot of very expensive mistakes.

Also through the MLS you can get things like median & average rents for specific areas plus DOM stats although I'm unsure about price to rent ratios.

You have expenses such MLS dues, NAR dues, Insurance, additional Broker fees, etc.

JD I used to have that line of thinking but parcels can and do get landlocked quite often thats why title insurance is so critical when buying land and insuring your access.. suits for prescriptive right a ways are expensive and time consuming..

Yeah,  inventory is a little high at ~9000 homes for sale with a DOM of ~55 days and median price at $295K. 

I’ve also been reinvesting capital to help reduce my overall expenses by replacing existing oil furnaces in 3 buildings where I pay for the oil to individual propane heaters that the tenants will pay for their own heat going forward with.

just curious - if this is 'class D', won't you have more expenses than just PITI?  

But remember, there are more costs like closing fees (2-5% of the property price), money for renovations (depends on the property's condition), and holding costs (covering a couple of months' expenses during renovations and finding tenants).

I like being able to stand out by being a few notches above the median performing listing. 

Rental property owners, did you know you can deduct expenses like mortgage interest, property tax, operating expenses, depreciation, and repairs?