@Kalin Stocker - to attempt to answer the question I think you wanted to ask: 1. 8% Cap rates in Spokane are rare, and imply something that requires substantially more work than a typical SFH or multifamily investment.

This implies many units had more than $700/month annual increase.  

Btw, I never had reason to question your character til the point where you multiple times implied I was unethical. 

@Sai Sunder usually MTR implies at least 30 day lease, but less than 6 months, and FULLY FURNISHED.Not a lot of PMC's want to deal with fully furnished rentals where they are responsible to track if any silverware, glasses, etc. are missing or broken.

You all really do need a good BS Meter.Another laugh out loud moment in the forums is someone saying a "wholesale professional" there aren't any such unicorns, there are real estate professionals, not "landlord professionals" or "fix and flip professionals" or "option professionals" calling a wholesaler a professional implies their acts are a profession, no, they are simply in real estate but that aids in the "self-identity" of themselves.

Despite the LL implying we are fully liable for the garage, the lease should protect us, right?

Didn't mean to imply it only gets to 62 deg..

The property management company says that the tenant always reschedules maintenance requests and implies that the tenant is just avoiding paying rent.  

Implying that the main difference between them and AirBnB, VRBO, and STR platforms is type of building and the ownership (individual investors rather than large commercial real estate investors). 

What this implies is that, in those locations, the appreciation is not increasing the inflation adjusted value.