PS: Most of the time when you buy a functioning business - and that's what a fully rented MFH setup is, a functioning business - you pay a premium for that purchase, with the risk that the numbers aren't as rosy as they seem.

We have moved to hardwired-interconnected with battery backup (in older buildings we use the ones that interconnect wirelessly if we cannot easily pull a 14/3 between the detectors).We also make it very clear in our lease that disabling or impairing the functionality of any fire/gas detection or suppression equipment is a minimum $200.00 fine and cause for termination of the tenancy.

@Annie Thompson  I think one of the main functions of the site is to compare actual product side by side and compare cities and see what kinds of returns.. are out their from the providers that post their inventory  its real inventory that can be bought and you don't need to go to a squeeze page to get the super secret inventory lists LOL..I would not base a buy decision solely on  online reviews.. 

I would think of a deposit more of a tool and try to make it more functional.  

@David Faulkner  I think BP is just screwing with me I think they have disabled my functions on purpose.!!

Your operating expenses are exactly that: those expenses that occur as a function of operating the property.

Broken and non-functioning various small things.  

Whether a property is sold on market (MLS) or off market is typically a function of liquidity in the market.  

Only two reasons; either the future return is going to be lower than 15% or the money can be moved to another asset class that is going to do better than 15% in the future.Hedge funds selling real estate is no different than the stock market; if everyone sells, then the market crashes so “everyone” selling is a function of lots of hedge funds deciding to sell all their houses at once and selling fast so they’re done before everyone else sells and kills the market.

Obviously, you need to do a VERY accurate floor plan to make sure it all functions properly.