The basis of the ratio comes from the total of the mortgage which correlates to the value of the property.

If your goal is a dependable passive income that will get you off and keep you off the daily worker treadmill, you partially defined the location requirements.A dependable passive income is -Reliable - You continuously receive income in good and bad economic times.Inflation Compensating - Your rental income grows faster than inflation, compensating for rising prices.Persistent – The income continues for a long time; you and your spouse will not outlive the income.2.

If you search "NC H.B. 829 short term rentals" you can read about what the legislature is considering vis a vis a city's ability to ban people from renting homes on a nightly basis in NC.

I am on the East Coast and New Jersey's housing market is all over the place on a regular basis, so it is nice to have a comparison!

Ive doubled down on myself and decided it can be tough but some things i try self evaluate daily are; "am I educating my self?

D4$ may not be the hammer or daily Driver, but it sure can come in handy sometimes.

For instance, I purchased a property with cash on hand in mid-July of this year for use as a daily rental.

Estimate each properties cap ex cost, but I would avoid using any percentage of value or rent as the basis for that estimate.  

Are they communicating with you about the listing, marketing, pricing, and showings on a weekly basis?

ThanksI'm going to give you some advice using your above post as a basis for it:1 - You're a REI not a REA