To me it looks like this excel sheet isn't auto calculating your cap rate either given that you changed the number for rent and it's still showing as 9.3% your cap rate is the net operating income divided by purchase price.

Looking forward to your thoughts and stories!

That said, you might check on the price tags on houses in Tulsa compared to Philly to understand the different sale and rent range for these areas. 

Looking forward to connecting with like-minded folks in this new world!

I'm talking to a few about eventually looking at long term rentals as the STR market seems to be pricing the locals out of the buying market.  

Purchase price: $460,000 Cash invested: $50,000 Renovated both units, buy & hold.

(I know, prices here are whacky).The next option would be a small duplex, which at the lowest in my area is $1.5M!

Having seen earlier proposals for Boston ordinances it seems a pretty reasonable compromise proposal to allow residents to offset Boston’s sky high prices by renting out all or part of their homes, while preventing non-local investors from further removing already limited housing supply (the ultimate fear of all housing departments).

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Because when the seller realizes he or she is not going to have to pay 6% of the purchase price to an agent I can negotiate a lower price and the seller is more likely to agree.The process was simple with the guidance of a good real estate attorney.