Yes, I invest in high yield dividend stocks, that have good revenue and dividend growth (other benchmarks as well I check before buying) for cash flow, as well as a LTR and a STR, and a couple of notes for a good mix. 

Check their rates, lease fees, lease renewal fees etc.Do direct deposit of your rent collection and contributions to your PM for repairs from that bank account you just opened and never touch the income as you save for the next property.Do a spread sheet on all your properties as you accumulate more to keep up with passwords for log in to lenders, PMs, insurance, etc. keep track of cash flow, property taxes and insurance (the fluctuations of these benchmarks will give you the information you need to make decisions on raising the rent or not.

I figure maybe between $8K to $10K a month when all is said and done.My PM teams have really been a blessing as they vet tenants with great benchmarks to find the best, as well as property inspections, and keeping me informed.I just got an e-mail the other day from my PM in Alabama telling me that they went to our property for its inspection and found it in great shape and commented that this tenant takes really special care of the house and the tenant told the PM while he was there that they would love to stay there for many more years (they will be resigning for their 4th straight lease.) 

If you're going to use recent history as the benchmark for your 20% gains, that's actually not all that much better than what you would have earned from investing in in an index fund and not lifting a finger otherwise.

You can't use a newer, nicer comparable unit as your bench mark for what yours is worth in its current condition.

600 is a good benchmark minimum, could be even higher depending on how nice the property is (what rents are going for).

We can also use it for benchmarking so you’ll have an idea on performance as compared to other homes in your community with the same bedroom count.

@Tiia Hyrske, the common benchmark is GROSS income 3x rent.

I will then move to good return benchmarks and close with the most important piece of choosing a turnkey company.

It's presented as the quintessential wasteland of America -- it could not get any worse - the benchmark for the bottom.