@Ceasar Rosas the 50% rule was from statistics on SFHs. 

There truly is never a dull moment here plus the landscape changes drastically depending on what part of town you're in.

I wonder what the statistics around productivity are from full time stay-at-home vs some amount of time in the office.

We redid the kitchen, flooring, finished out the basement, worked on the landscaping...etc. 

Statistically, you are not going to get a massive family with 12 kids running around and spilling juice boxes on every square foot of your low-income property.

I also found someone who fixed my gutters, bugged me for landscaping work, then no-called/no-showed when I hired him to do some landscaping work.

PP=500K ADDITION+landscape+Repairs+closing costs===$140K So ALL in 640K.

Then be sure you are being honest in your numbers for cost of owning to rent - ie vacancy, repairs, local fees, property tax, ins, renting costs, management fees, landscape fees, utilities etc etc etc Holding for appreciation is a thing but be sure this is a good candidate.

Even assuming lags between interest rate and cap rate changes, analysis found no statistically significant relationship between the two variables.These findings confirm that cap rates are influenced by a wider network of variables beyond interest rates, including real estate fundamentals, capital flows and investor risk appetite."

And I don't get to rent to the person who is going to take pride of ownership in the property, improve the landscaping, take care of my asset, and stay for a long time?