Another book that Ive heard recommended is "Die with Zero"

If you end up in Cleveland you'll want to read The Ultimate Guide to Grading Cleveland Neighborhoods to give yourself an in depth idea of the market.

Hundreds of hours spent listening to podcasts and reading books on and off during that time kept the dream alive and prepared me to take the leap when an opportunity came up.I had received my real estate license about a year earlier to make some extra money but we were hitting a point in our debt and near future expenses that I knew I had to step out and make something happen.

Here's a detailed guide on how to screen applicants: Application Screening Guide

Additionally, consider operational costs like cleaning, staffing, and marketing, as they can quickly add up.For management, outsourcing to a professional property manager or leveraging tech platforms for bookings and operations could streamline things, especially if you plan to scale.

Quote from @Matt Weddon: Really what generated this question was a section from Brandon and Heather Turner's Management Book, which has been incredibly informative and helpful.

My suggestion is to continue being active on BP, get out to some networking events and seminars and also educate yourself through books and podcasts. 

Either way this is just a metric to help guide you, with this tenant you already know that they are a good tenant.

good call on the guide, it is a great resource.

If you read Brian's informative book, you will learn that he finds integrity to be #1.