I keep a pretty close eye on rentals that come on the market close to mine and base my decision more on where I am relative to other properties than a general % increase.  

There are two to three markets I am interested in that I have some small relationships within that I could utilize, my hometown, my wife's hometown or a place I visit often for work.My questions concern the opportunity cost of learning the ins and outs of 3 different markets when the requirements of truly knowing the market increase the chances of success.Do I select one based on distance, the potential to cash flow or appreciate, or one that I may have more connections in?

I want to offer qualified individuals with the right mindset and knowledge base the opportunity to join my team and I will pay for you to get your license.  

It depends on the area and what they are managing but usually its anywhere from 70 to 100 percent of the first months and 7-10% based on the area and whats being managed.  

SEC 8 sets the tenant's budget based on the income they report.

I'd say to start with an informal, small gathering, see what the participants are interested in, and then plan the next one based off of their feedback.

Try an asset based lender for a short-ish term (3 years usually).rate will be higher, but it'll be an easy loan to get with almost no underwriting.

I kinda agree with @Larry T. there is presently a storefront vacant building right at the corner of where i leave, the store is rented out but the apartment is vacant and it has been like that for at least 2yrs.You also need to be wary of the location, correct me if i am wrong but buildings were there are apartments and stores are technically in D, E locations which could have a lot of issues. this is based on my drive and stay in Rochester NY.Your located in NYC, i think you could take a day or weekend off to come down here and check the neighborhood out.

@Michaelmy apologies some times it takes me a little bit to answereasiest way to explain formula for youArv is After Repair Value meaning after full renovation or repairs this is what the house will sell for 30-60 days max based on comparable sales (aka comps)I prefer lower 60% of the ARV, because I prefer to flip to a retailer, by wholesaling, and earning a small fee for finding the deal and securing the property via purchase agreement option or a few other various formsmost of my ppl buy at 65% or 70% so due to my preferred method of wholesaling, I must buy at prices below these "strike prices" or buy prices...just so you know I am a contractor, so my repair costs are known when I look at property.

So based on my brief description of my background, would you all say I'm ready to take the risk on my own, or would it still be highly advised to work directly with someone who is currently successful at doing so?