We have enough capital to purchase a house in cash in a nearby neighborhood with the target of $2000/month in rent; that is considered the fair market rate for the sort of house we're looking at. 

It would help a lot to know because then I could optimize how much I invest in rehabbing, and what my target rent would be as I would also know what if any benefit there would be recapturing cash/equity.

Is buy that in a heart beat if it was in my target area.

Hi I am about to registered a domain and want not only to focus in my city but also in a 2 hour radius around me, smaller cities around, I am wondering, should I call my company BuyCashAustin or BuyCashTexas, I want to seem local but also want to be able to target other markets located one to two hour away..

I've left a bunch out, but I have considered target markets (military and students), exit strategies, crime rates, school zones, flood plains, etc. 

You can target your desired tenant too, but I wouldn't get too narrow.

@Tony Zheng It depends on how well you target your postcard marketing, but normally you should expect anywhere from 1% to 3%.

Figure out what your current risk tolerance and financial goals and come up with a suitable target ROR based on other investments.

I notice now they also do monthly rentals on their web sites (intended to rent for 2-3 months)... which would be ideal for me.

So i guess it comes down to whether or not the state supports the CAP rate that you are targeting, and then deciding on a deal per deal basis.But i would definitely stick to my home state whenever possible.