So if you focus on one city or one niche or one price range, or one type of sale, that is where your career will end up.   

I'm looking in the Central Texas area at SFR, 3br 2 bath and can find good properties around the $250,000 price range.

Whereas the same house over in Manayunk (A class Neighborhood) could be in the $400k-$500k range.

Im located in Colorado’s front range and a total rookie!

@Ian Bower for a 120K loan, it's in the range of normal.

Building housing is subject to a significant array of regulatory costs, including a broad range of fees, permits, reviews, and other requirements imposed at different stages of the development and the construction process, with both a direct cost and a time/delay cost.

Sounds like you have a good understanding of the strategy.I normally work with clients by giving them a price range of a property they need to buy to get to their desired tax bracket.Best of luck.

They range from  50k to 70k per year without cleaning.  

I think of it as a range of rental prices of comparable properties and my goal is to make a good return on the lower end of that range of values.

Your range can be from going to your local library for free to spending 90K in some cases.