These are just meant to be high level evaluation tools to quickly gauge a property.

It puts downward pressure on your asset value and on your monthly cash flow. 

In 5 to 7 years they'll be using you to sell their first home and buy another one in the higher price range anyway, so don't do what I did and wait 5 to 7 years to get comfortable with higher price points, it's years of potential income lost.Yes you still have to work hard and put in the hours, but any question about hours relates strongly to the ROI you get on those hours, which in my experience can be greatly increased by those things I mentioned.If you stick with your current job for a while it may relieve a lot of pressure and allow you to grow in real estate without feeling under the gun.

@Yuval Oz we don't operate in Cleveland, so this is NOT a solicitation for your business - but, check out our website and all the info we provide on how we operate and feel free to use to gauge companies you interview.

What it rents for now will cash flow so no need for immediate pressure.

Who knows when the blower motor in the HVAC will burn up or if a kid mowing the lawn hit the condenser hard enough to crack a joint in the line, pressure drops and causes damage?

It is quick and can be helpful to gauge if something "might" be profitable, but there are so many differences in locations that I don't think it is particularly helpful if you're looking at multiple markets.

Several towns are getting pressure from HOA's and the hotel industry.

Baby boomers coming to retirement age and pulling out massive amounts of money from the stock market would cause a crash due to large selling pressure.

This is a quick and easy way to gauge the market.