I use standard market PM rates in my underwriting, but I also would not work for those rates but it is fair compensation for the work.I typically use vacancy of 5% not because I have ever had a unit that had that high vacancy but I do not have a no payment category and I want the underwriting to be conservativeon the opposite, your rate is a bit high and your appreciation rate and rent growth are modest.overall, seems like a decent attempt at an analysis.  

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

For the next 10 months (40 weeks) you spend a fairly reasonable 5 hours a week marketing, communicating with guests and your property manager and bookkeeping.

Sejin - Have you read your fair share of books as well as listen to podcasts?

Your property is fairly destruction proof, costs near nothing to maintain, yet you can charge above market rents.If your property is nicer (class B) where the carpet alone might be $6k or more to replace when the tenant spills hair dye everywhere, you won't be as happy as in the situation above.  

CoStar) to understand the rental market (rent amounts, absorbtion rate, etc..) but that service is fairly expensive. 

I've done a fair amount of research, reading books/listening to podcasts to the point where I feel I could take an active approach, but I am currently in the military so I don't want to over-exert myself starting out.

For example, if you buy through Wayfair directly, you'll get fairly fast notifications of expected ship date, when it's shipped, delivery date, etc.

I’ve reviewed a number of theses DST’s across numerous asset classes  and there performance /returns are generally fairly low and unimpressive. 

So 1/4 seems fair.