Seems rather suspect with a 36% cap rate, and it's imperative to factor in the debt especially in a indefinitely and new normal high debt world.

Just like every professional has a different pay range and skill cap, PM has differences in knowledge and skills.

Everything ,all areas have doubled, tripled quadrupled or more even parts of EAST Cleveland, over the last 10 years on top of the 20-25% net caps All the best 

This is because there’s a cap on how much someone is willing to pay to rent a home today.For example, even if you own a solid property worth over $600,000, the maximum rent you can charge in my area is $4,000 per month.

But again, as mentioned, get fam with COC, Cap, IRR, etc.You said later you had $80k to invest in a multi family.

Cause an appraisal will cap you then. 

It’s not just about the profit margin or the cap rate; it’s also about building trust in the community.

page=LoadVirtualDoc&BookmarkID=6536) that capped annual increases to the Taxable Value of a property to the lower of 5% or Michigan's Cost of Living increase.

Just focusing on the passive income you want to achieve will leave you chasing cash flow which will have you buying properties in worse areas with harder tenancies that seem to cash flow better, but will have large cap ex.Any time someone asks a question about where to invest and it can be anywhere, they aren't ready to invest and are opening themselves up to every pitch in the world on an area.

More than likely the asset will in a location where cap ex & management/operational costs are disproportionately higher and therefore your expense ratio will also have to be adjusted to a higher number.