A long time investor said you should be looking for the 2% rule and depreciation in those areas.

I am confident that you cannot find one especially if the purchase is financed.If you indicated cost of entry is less in the Midwest, cost of purchase is less in the Midwest, initial cash flow (at purchase) is often better in the Midwest, that much of the Midwest has more friendly landlord rules, or that there are places in the Midwest with lower property tax rates then I would not be taking exception to your statement.However, I know that you know that your statement is historically not accurate. 

I’ll reach out to BP support and see what’s up. 

Also should I take into account the 70% Rule when making my an offer?

Since the rules change all the time once you get closer to the time of buying the SFH you can look for a lender who will do the loan.

Sometimes if they do not change value to where you think/it should be, you can provide an unbiased appraisal that support the market value of the property.

I look at Population & Job Growth, what major Industries/ Employers are in the market, major Airports ease of traveling from NYC to my new market, traveling costs etc, Purchase price to rent ratio I follow the 1% rule but in hot markets it gets harder to find.Markets depends on what you are looking for, if you want positive cash flow every there are a lot of markets that can accomplish this.

If you are looking at a roommate situation, you always use month to month, with clearly defined rules.

Public mls shows active listings but not all the supporting data, past listings for comps, or the agent notes. 

Many of the union’s members, rank-and-file state employees, are directly affected as the city’s rents go up, she said.While proponents fully support the measure, Brewer said, she’s hasn’t ruled out talking with leaders, developers and property owners about other ways to address the issue.