It's also possible the foreclosures won't ramp up to previous levels keeping supply artificially low.

The tenant claimed allergy problems, but frankly it's like saying I should pay for all tenants' allergy medicine if there is a bunch of flowers next door to the building.

Sometimes they will use unrealistically low numbers to artificially inflate the cap rate. 

Not because it's mean or makes you feel bad but because that will lead to artificial turnover.

This is the only method that will determine the true cash flow from a investment separate from any artificial cash flow purchased with your own money.

record low cap rates, are one symptom of the last 10 years of artificially low interest rates. 

All of these products have their own proprietary algorithms (including Artificial Intelligence and Machine Learning) to come up with an expected ADR or Occupancy rate (and many other valuable data points) so there is real data analytics going on with these products. 

My goal with real estate is not to quit my job (I love my career in medicine and plan on sticking with it), but rather to supplement my income.

@Maria MarreroYou're missing a lot in the analysis, artificially making the numbers look good.You used a heloc, those payments should be in consideration.You include CapEx, taxes, insurance, but what about repair reserves, utilities, property mgmt?

Equity produces artificially high cash flow numbers that must be at least partially deducted.