A percentage of these will end up in court when1.

Some places mark up repairs by adding a percentage.  

Same thing might happen with the vacancy if you have 2 months for lower end instead of 1 month for better area.I would use higher percentage for repairs and vacancy in lower end area when you compare CF for the 2 properties.Even in higher end area this year I had 2 evictions and one of them with 6 month vacancy and over 12k in damages, bad things can happen in both areas, the important thing is to keep cash reserves so you can get over unexpected expenses.

Here is how it appears on the app:Mortgage Information        ^Equity percent:48%Mortgage amount:        Mortgage term:$93,000                            0 yearLender name:First Horizon Hm LnAssessed value:$178,800Almost all equity percentages are ESTIMATES only.

A very high percentage of my tenants (in fact, almost all of them) were single mothers. 

In a similar fashion, if you can imagine how much landscaping and underground infrastructure is in a golf course as compared to the clubhouse, that will give an indication of why an extremely high percentage of the property's value is allocated to the land improvements.

You will also find a pretty decent percentage of these vacation home owners are getting up in age and no longer make as many trips nor are as interested.

Where most focus on passive income is getting started as you mention with a percentage of your portfolio but really the main goal most look for is to have income when they retire outside of social security that can continue to allow them to retire.For most this is not at 30, 40 or 50 but much later in life.

What percentage of investors do you think check to see who actually owns the properties touted before sending money?

Many of the North Dallas HOAs have a variety of restrictions - percentage of total homes, the owner has to live in it 1 yr or 2 years.