I think of it as a range of rental prices of comparable properties and my goal is to make a good return on the lower end of that range of values.

They range from  50k to 70k per year without cleaning.  

Therefore they are bound by state real estate licensing laws.

Rates will generally be higher than conventional loans—typically in the 7-9% range—depending on your profile and market conditions.

Acquisition Criteria: Develop clear criteria for the types of properties you target (location, price range, property type, etc.), allowing you to evaluate deals faster and more consistently.

Your range can be from going to your local library for free to spending 90K in some cases.

Going to those places will help you stay in your budget and cash flow better too - with property management built in.The hard part with the smaller towns is that they don't always have the big property management setups so thats where you'd have to do some leg work to find ones that do.And you might be able to do bigger str towns or even cities in that price range. 

I've noticed that oceanfront condos seem to be the only preferred option in the $400,000 to $500,000 price range. 

@Zachary Kersh if you can live anywhere, look for strong growth areas and then research opportunities, salary ranges and cost of living to see where you would net the most from your job.

Both interest rates were in the 2.5% range!