Another reason I don't like the plan is that focusing on cashflow ignores the fact that you are getting a terrible return on your equity. 

OP please ignore the bots advice.

These are often tenants who (excuse my english) don't have a pot to piss in.This is the first time I've heard an tenant claim to be a lawyer (before he lost his license).Ignore the threats on this clown. 

They read the sign and ignore it.

I get it, because your entire value proposition is your cheapest, so you clearly think ONLY price matters, and have ignored what your doing, what your delivering, PROBLEM SOLVING. 

This is one of those times where I can say I hate real estate too, but I'm going to evict them, fix whatever, and get back to the profit I had when everyone was paying, but I'm going to go with all Section 8 tenants this time and visit the current home of prospective tenants and not ignore my gut. 

Why don't you just say GWBjr was worst pres for air travel because look at all the flight cancelations under him, then say how we need to ignore 911. 

Cap Rate: Not influenced by financing since it ignores debt and focuses purely on the return from the property’s income relative to its purchase price or market value.

I believe there is value in these online, in the sense that I would use them as one tool and not ignore them.  

Be polite, be nice, but do not ignore the lease violations.