Let's assume that the neighborhood is a C class and the median income of the city is greater than 3X of the market rent.Here are some of the considerations I've come up with so far:- Units are in need of renovation and capex is too high or not available- Unit quality is not the same as market - Seller is worried about losing tenants due to increase- Vacancy rates are high or filling units have been difficult- Rent increase would take multiple increases over multiple lease periods to get to market rate if seller is trying to retain the same tenant- Seller inherited property and just want to liquidate- Seller needs to liquidate quickly (financial burden, sickness, quick exit from land-lording)It seems like I might be missing a warning sign about a deal if they are selling with current rents that are under market; but again, this seems to be most of the properties I've underwritten.And in the same vein, what should I be worried about when purchasing a deal with under market rent with the intention of raising them after purchase. 

I apologize on the autocorrect miss spelling above

Actually, I think you missed my point.

Do you feel like you may be missing out on deductions? 

Perceived deception & missed payments are tantamount to losing the case.The lender sends the tax forms to the borrower under the borrower's SSN.

What am I missing here? 

What am I missing here, feel like those are a good deal.

Cut your losses the first time they miss a payment and start the eviction process.

Our website was just OK, our email campaigns were hit and miss, our conference presence was fairly minimal. 

I would say your first year is just for drinking from the fire hose, even if it means taking a larger split and not earning as much commission.