My forecast is that it likely will perform worse than as an LTR after subtracting for a PM.  

@Ray HageI agree as I would stay away from condos as between special assessments and increase of fees, what is the risk vs reward.Many of these buildings are run by people who are not property managers or have development experience and lack the knowledge to properly run the propertyAlso many don’t realize that on older buildings your initial estimate will be 30-50% less once the work starts, especially on older concrete buildings that are susceptible to deterioration due to the weather in these areas (especially the salt)

I've been in the insurance claims business for 20 years and not everyone gets that a modern mobile home tends to weather a hurricane better than most framed homes.

@Paul Azad weather the juice is worth the squeeze depends on the specific deal and details.

You own a lot of properties, you don't think delinquent rent payments are something you can forecast? 

I'm in So Cal so weather isn't an issue.

I believe your numbers and your forecast which a lot of the rosy numbers posted do not pass the sniff test on being achievable.  

or revenues dropped significantly last/this year due to seasonal weather events?

I believe it takes 50 hours to get a private pilot license, you learn a bit about weather, airspace classification and how to talk to ATC.

What is the forecast I should be looking for?