There are variables that affect market cap rate, an important one being interest rates.

In a space like real estate where there challenges, variables (seen and unforeseen) natural thinking can be a useful way to overcome and grow.  

I see a sellers market, inventory issue not an easy fix and likely to be long and variable. 

MF, Retail and Office have substantially more variability than self-storage based on 1) occupancy 2) asset class and submarket 3) credit of tenants, etc... but the right local professionals should be willing to help if you present yourself as a qualified buyer.

I’m a licensed electrical contractor here in NE Ohio and we charge anywhere from $1000-$1800 depending on a certain amount of variables.

I would seriously consider an electric for a STR since it takes the replenishing variables out of grills and they are generally safer and easier for "grill novices" to operate.  

Often variable rate 15-20 year loans at maybe .5-1% over prime.

I find it difficult to formulate a rigid plan because there seems to be so many variables.. market trends, available funds, etc...I'm not sure what direction this all will take me to get to the place I want to be.

While there are a number of variables, I think you should expect expenses between 35-50%.

@Christian Wathne In Texas Title Insurances is a variable cost regulated by the State and based off the purchase price.