Now suppose you want to get 15 deals per year and you were able to capture 10% of the market.

. $200The complex is relatively new (built late 1990s) and on a direct bus line to campus, where parking is difficult/expensive.I'm figuring about $1400 a year in capital refurbishment after any improvements that are captured via the $200/mo HOA dues.

@David Faulkner, the spreadsheet is alot larger than screen shot suggests and captures equity incurred from mortgage pay down, appreciation and cash flow into a total ROI.

Make sure your applications are designed for more then one application, you may need to revamp for applicants who have not lived together before so you can capture their separate rental history and economic situation. 

I would be using my site to capture motivated sellers for my wholesaling and rehabbing businesses. 

You capture the rental income when, or if, you buy the trailers.

Build them a business page if they don't have one, start running targeted ads of their listings that lead to a landing page to capture their information.

I realize the model is complex, but I'm trying to capture as many cash in/outflows as possible to evaluate the investment beyond a simple income / expense analysis.

.)* Tier 2 City - B Neighborhood* Property is Not cash flow positive while under construciton (50% vacancy now)* Listing the property for sale privately - I could purchase if I can figure out a way to do so while it's under renovation* Me and my partner have plenty of funds for a down payment** What options could I consider, if the numbers makes sense, to purchase the property now, while being renovated so I can capture the upside? 

That said, I would say some kind of action is called for in the next year or so, either cash out or sale, as I'd like to capture the oversized appreciation we have seen in our properties.