I would also use other metrics such as jobs and population growth to help with your decision.Best of luck with your first STR!

I keep 6 months now because my portfolio is still pretty small but as I scale and I'm also able to have a larger overall reserve fund I won't worry so much about that specific metric.

I was able to get a GC in there at the same time that had great reviews and he ghosted me.

I'm on the Grant Cardone 10x webinar. Has anyone read his 10x book? Thoughts? I'm also interested in reading The Road Less Stupid. Any tboughts on that one?

Regine was patient with me as I spent the evenings creating the systems for her to her job better, coaching her on the calls, and reviewing the leads she was getting.

I think with the decoupling of the USD to gold decades ago, the relationship for the metric you posted doesnt hold up.

Then I emailed financial advisor Rob on how to get the closing funds in a liquid account.734/10/2021744/11/2021754/12/20214:45 PM5:00 PMReached out to Peter @ Mogul to start process for setting up property management, ran a Rent-o-Meter for Oleatha to get its take on rents nearby764/13/20217:05 PM7:20 PMPeter is going to send me a contract for PM on 5/3, reviewed his team of contacts to determine if I should reach out to any of them and then got overwhelmed by the three types of lawyers... prepared questions for tomorrow's MeetUp, some about lawyers...774/14/20217:00 PM8:45 PMAttended the Apr StL Real Estate Investor Meetup784/15/20217:05 PM7:20 PMEmailed Jacob at Flat Branch to ask if getting a new credit card for real estate would impact my loan approval at this time.

The big thing is to understand why to use these metrics. 

If it were me waving it I would possibly cap it to a point but do my due-diligence beforehand and work with my agent to review comps and get a solid feel on the value so if the appraisal is short- if you still feel confident its worth it to you to pay what you are offering, then I would consider waiving it. 

You can find some reviews and contact here. https://nextdoor.com/pages/id-...I've used them on several projects.