Should price-to-rent ratio be low?

[Norman Berman]

Hi folks,

I'm evaluating regions for OOS multi-family buy and hold.

I understand price to rent (P2R) ratio is a useful metric. However, the sources I've found say that a middle-of-the-road P2R -- around 15-20 -- is ideal.

This doesn't make sense to me. Wouldn't you want the lowest P2R you can find?