Nevermind the unlikelihood that any ONE of them is appearing in the top 10 that often (especially at the rate we're getting bookings, I know we're not showing up on the 1st page nearly that often), it's statistically impossible for 30 listings to show up in the top ten 50% of the time even if our 30 listings were the only ones in the entire market, instead of there being 20,000 other listings.It makes no sense. 

@Ed Lopez Many good points in this thread.A few things I was thinking about when reading your posts:1) At $500/month in rent with annual turns it is going to be nearly impossible for the cash-flow math to ever work.

If salt lake city is a low cap rate market then its impossible.

It's difficult but not impossible.

It could even be impossible....Some inspectors will insist that walls be opened to view wiring/framing/plumbing/etc, floors be jackhammered up to show vapor barrier and rebar spacing.Ask me how I know........

But it can be impossible for others who just don’t have those resources.

Quote from @Andrew Steffens: It is tough to find positive CoC but not impossible. 

Yes - and even when its out there its typically impossible to qualify (need high rate and high DSCR and typically would have to qualify as a LTR - so almost a unicorn or in a really bad market)

So the actual tax bill is going to be impossible to predict without looking at the individual owners' personal tax situation.How much of a gain do you think you made on your first flip?

The business yield that high is just impossible to make.