Buying rental property using the 50 percent rule of thumb with a healthy margin of safety from an income perspective should yield similar cash flow patterns to owning an income stock.

Long term warm belt states have more outward growth patterns as baby boomers migrate away from cold belt states.It's also location dependent even in a warm belt state.

Summer months remain particularly busy, while the rest of the year has returned to normal patterns.

You need to understand the traffic patterns and demographics to know what you are buying. 

This scenario yields about a +$5000 per year surplus, so overall, these two retirement properties that I would own 100% (not fractional/timeshare) creates a breakeven financial result, and they are appreciating assets (hopefully).Because of the peak patterns and the overlap of the schedules, cash flow remains positive in every month of the year, so I don't have to float any expenses. 

I've had to look at my own before with a different set of eyes just to see any patterns, like how often we eat out etc.

Odd recent weather patterns may have contributed to June being off.

Pet•Document Discrepancies such asSecurity Deposits on Lease but not on Rent RollLease Amount on Lease different than Rent Roll•Typically 1 or 2 on a 100 units will not match•A Pattern of Discrepancies triggers a Complete Lease Audit•Work OrdersReview Work Order Request Log•Common problems•Response time•Gather Additional Data when walking complex with Maintenance personal•Walk Each UnitTypically 3 -4 common unit layoutsLook for Reoccurring ProblemBring Unit by Unit Inspection NotebookVerify the standard Dial-in Number of $400 per doorProcess goes faster when you get use to the layouts and the Unit by Unit Inspection formGet into every unit•Quick Walk ThroughHave Property Manager opening units ahead of you.Enter Unit check the carpet and blinds as you go to KitchenKitchen check Appliances, Cabinets, C’tops, faucets, area under sink , & flooringWhile walking thru Living Room to the bathroom check ceilings, walls and windowsBathroom check Toilet, Vanity, Sink, Tub Flooring and the Condenser Unit above the tubCheck Hallways and Hot Water Tank on route to the BedroomsBedroom: scan walls, closet, ceiling, windows and flooring.

One thing that has caught both me and my property manager by surprise this winter is snow/ice removal and other associated costs- don't know how that factors in Charlotte, but what with the changing weather patterns you might want a line item in your budget for that- even if it's just filled in with a question mark for now.

I didn't see any pattern.