Thank you all for the tips.

If you put stock in CAP rates (I don't) you are looking at below 5%.Additionally, you would require a larger downpayment to bring your Break-Even-Ratio (BER) below 85% and your debt coverage ratio (DCR) over 1.25 (in my experience, commercial lenders like to see 1.4 or better).While market rent may be greater, remember you are paying for the current performance of the business, not it's potential -  which will require further work and capital from you to achieve.  

Hey All,The question I have for all you self managing landlords today is, does anyone have any good tips or tricks (I don't mean actually tricking your tenant) into a simple and stress free way of having them sign a new year lease with slight rent increase about 2.5% Ive been doing this for years now and Ive just come to the point where I'm tired of hearing the same old "Oh well we are going to probably be moving" or "This is broke, I need a new stove, bathroom, car..."

Any advice, tips and hints are incredibly appreciated.

Feel free to messaged me if I can be of further assistance. 

Is there a tip and trick people can share to get an offer accepted?

What tips do you all have for keeping up with what is hot in housing?

Any other tips and info anyone can give is so appreciated! 

I will research this further with my financing entity 

If you'd like some tips on finding a great PM company and what to look out for, I recently wrote a blog on finding the right property manager as an out of state investor, and many of those steps will apply to your situation.