Anything over that could mean that the property is overstaffed, or it could mean that management is delivering a very high level of service such as in a luxury property that has a doorman and all sorts of staff that you don't typically see in garden style apartments.

Overall, it sounds like this whole thing stemmed from a communication or integrity issue that occurred at the loan officer level.

Now, one month later, I’m called to face this situation.My energy level was low.

Ultimately, it’s about the level of involvement and risk tolerance you’re comfortable with.

The next level up is hiring a revenue management company or VA to do this for you.

My goal is to scale up over the next few years and add another 10-20 doors.I ran across someone that is saying they are building quadplexes in the same town in Texas as my current rentals there, so I have some support system there.High level this is the idea on the deal:4 units constructed as 2 duplexes on one parcel.1250sqf 3/2/1 units$650k sale price, CME is $820k according to builder, will have a independent CME done if/as I move forward.Rent per unit is $1750 based on the other quad in the developmentBest guess at this point is about $16k/year cash flow at a 9.5% cap rate.Builder is a sister company of a established company in a related industry that has done "some" builds before but not a lot.

Quote from @Nathan Gesner: If I've said it once, I've said it a thousand times.Nathan, while what you state works 90%, when you reach a certain level you become a TARGET for predatory attorneys and professional plaintiffs.

I think the person in the mirror has reached the top of the knowledge limit and needs someone that is an expert to move me to a higher level. 

If I was trying to break into the industry, I would approach a few small- to mid-level sponsors and ask if you could provide help to their organization in exchange for a mentorship.

@Jed Butikofer you are in the right place to start getting the next level of education.