This specific deal was a close friend's apartment that he was renting.

This includes preparing the property for renters, pricing it right, marketing, application screening, collecting rent, dealing with unpaid rent and other lease violations, security deposit disposition, inspections, and so much more.

Or, rent growth is assuming 2020-2022 type market conditions.  

They can give you more insights to accurate rent, tenant preference and etc.

In those days it was possible to locate and tie up a “killer” deal, and close the transaction with absolutely zero of the investors own money.

I lived for free for a couple years, while collecting rent checks. 

I do not want fixer-uppers, only properties ready to Long-term rent.

We increased the rent slightly after the first 24 month lease and were able to recently increase the rent when the first tenant moved out.Lessons learned?

If you have 10% vacancy that means every month your have 2 units that need make ready and rented. 

-Management is low - you'll need at least 10% plus leasing costs - typically a month's rent for each lease-up, and sometimes a renewal fee as well-Insurance seems low-Are taxes accurate?