I tend to think $150K - $200K is the sweet spot where the cash flow is ideal and you can avoid some of the riff raff. 

If I can buy a property in and around LA area (or even 2-3 hrs driving distance) and then both live there (im single, so very basic needs) and use 75% of the property for short term rental/airbnb etc, that would be ideal.

There are many factors at play, but it seems many eyes are turning to the Philly rental market, not to mention us local guys with the connections.

Personally, i spent a bit more to be in class "B" neighborhoods where even though the cash flow isn't as ideal, the peace of mind is worth it.

"If part of your plan is to live there let that be your deciding factor first.Tampa is a bigger city, more things to do, more amenities.

I am not a licensed realtor, I am just speaking from experience - Resale is a consideration, however it can be a negotiating factor to help a deal - you could have it installed in lieu of offering closing costs?

The cost of this can vary quite a bit based on a number of factors, but especially if the property has older wooden windows (it can take a while to test all their components). 

Thomas my income has been inconsistent of here lately due to factors outside of work no excuses though.

I would think this multiple might be applicable to other markets, but as with everything else in real estate, there are probably a lot more factors to consider. 

Would you choose to live in the top or bottom and what factors would influence your decision?