No formula can be accurate across the board because even “cookie cutter” properties next store to each other differ as to view, location to the street, topography of the land, lot size, physical condition of the property, past remodeling, quality of the mechanical systems, sunlight, utility bills, past use, etc.  

Plus, renting by the bedroom offers more control over tenant turnover and higher overall rent.For other investors or house hackers, this strategy could be a real game-changer.

Quote from @Scott Mac: Well guys, I agree with all of you.Although I do see some nuances.There are bread and butter deals, and there is shark food.Shark food can put you in a new Mercedes with a Burmeister sound system.

-Carrot sites control nearly 46% of the Top 10 organic search positions for three key motivated seller phrases across 300+ of the largest markets in the country-Carrot sites are 15% faster on mobile than the non-Carrot sites in these same markets.

A little context: the building is structurally sound and they have done major updates such as septic, generator, and sprinkler system, and all mechanicals are recently inspected and tagged.

This includes some major items like below upgrading septic to elgin septic system 20kupgrading electric to new cod 20ktree cutting trimming 10ktrench/French drain 10khvac replacement repair 10knew plumbing 10kcrawlspace repairs 10kappliances replacement 5kdoors replacement 5kmold repairs 3kroof repairs 3kother repairs It is in good location.

I think this is a fatal flaw in your logic...the American legal system does not burden you to prove you never received notice, it burdens them with proving you did.

Some landlords value control over making more money.

New roof, new siding, new plumbing, new electrical system, new kitchen, 75% of windows are brand new and fully renovated house.

Sec 8 tenants are often very entitled and know how to work the system.