I am assuming in this that normal cleaning was done pre-occupancy and they are excessive in their expectations.

With a few tweaks to the management structure, and with new leadership, I figure we can greatly increase the revenue.

If you had the time to read the 1,000+ posts I have published, you'd see that I rarely express any opinion (unless asked) and that what I mention is more often than not based on facts and figures.

Don't expect these people to have anything to do with you once the transaction is over and a lot of bitter, nasty fights along the way. 

I expect to get $2,200 a month for rent and will manage it myself.

I would say to expect a floor rate of 6-6.50%

Anyone can go and figure out good areas, some can figure out good deals, but don't trust others to pick a management company for you.

I expect my cash on cash return to be over 90%.

Where we expected to gross between $30-40k, we are grossing $60k and generating around $2000 per month in cash flow.

In this area, can expect around $4K/mo for units such as this.