Sick of the Line "Projected Rent is Such and Such $$$"

[Michael J. Beasley]

I've been looking at a bunch of 2-4 units and keep seeing vacancies and tenants paying low rent... but brokers keep throwing out the the "projected income" number in my face (even when the units have been vacant for 7-8 months). I'm basing my offers on current rents (low as they may be) and for the vacancies I'm just calculating based on local comps. Not looking for any specific advice here. Just venting... 

[Jonathan R McLaughlin]

When I'm feeling cheeky, I like to respond to realtors who say some variation of "rent is X but you can easily get Y" with a very innocent look and say "oh...why haven't they done that?"