I understand they aren't necessarily "hard and fast" rules, but based on my financial modeling, I won't reliably generate cash flow unless I land in that 1-2% range.If my understanding is correct, I'll need to find a property with a Price-to-Rent Ratio between 4.17 and 8.33 in order to meet the Rule of 2% or 1%, respectively.Rule of 1% requires Price-to-Rent Ratio below 8.33Rule of 2% requires Price-to-Rent Ratio below 4.17I've downloaded Zillow data to calculate the Price-to-Rent Ratio in various areas (searching my city and those nearby).

Also, Jaime, you might remember me from my AFACT days---we had coffee about 5 years back while I was working on the detox issue with First Cov:)@Jamie Rose

If a hospital renovates, it does not mean the houses nearby will get any nicer. 

It's still an intriguing deal because new construction appears to be occurring nearby.

Regardless of who you choose for your team, always check nearby sales when you're considering a property.

I wouldn't worry about it, just make sure you send him there with a thermos full of strong coffee, and have some Absorbine-Jr waiting for him when he gets back home.

We build approx. 20 homes per year, and are working to establish relationships with reputable nearby vendors.Specifically, we are having difficulty finding the following trades:- Exterior siding installers- Brick installers - Plumbers- FramersWould love to share resources with someone else building similar product ($1M to $3M range) for subcontractor pool, pricing expectations (e.g. $/1000-brick for install, $/SF for framing, etc), etc. specific to this region.

Austin was the town I knew, so I continued to buy out here.Now that I'm a somewhat seasoned investor, I am looking at the suburbs nearby, but I have access to the local MLS, know the area very well, and like to actually be able to see what I own, so I don't expect to ever go more than about an hour from where I live.

Assuming the property is centrally located, it should not be strenuous to stop by the property when nearby.

(My wife got a message from someone that just assumed she would meet with her, and in the first message asked for days and time to get coffee.