I think I may stick closer to the 1% rule and crunch numbers myself maybe make a spreadsheet that apples more to me and my market.I'd rather not use the 50% especially because I'm a hands on guy and all repairs will most likely be done on my own.Well, thanks for clearing that up for me guysAppreciate it.

I use cash on cash return because it is a way for me to measure other investment returns on an apple to apple basis.

Sounds like to me they know what they are doing and no sense in up setting the apple cart at this early stage.

Your still young, don't let a bad apple ruin the real estate goals you have established.  

Lakeville, Apple Valley, and Eagan are better and also more expensive for the same types of units.If you prefer a more urban hipster cycling brewpub millennial nightlife lifestyle, I would highly recommend many areas in south Minneapolis.  

It looks like it's being presented as a high-end kind of thing, possibly with the expectation that it will service people moving to the area for Apple.

They might have a full time handyman, blanket insurance policies, referrals and tenant overflow from other buildings they own, so you might be comparing your situation to theirs and that could be apples and oranges.

you will want to compare apples to apples.  

Add some scented plug-in air fresheners that smell like home- cookies, apple pie, etc.

I pick Austin also over the Big Apple cost of living.