I set up my BP profile a couple months ago and have been a silent observer so far.I only became interested in real estate investing about a year ago when I began researching the business models of self storage facilities.

Gross rents at 100% occupancy would be $595,200.Loss to current vacancy = ($47,616)Operating Expenses (estimating as I don't have all the details) $275,000NOI = 272,585 (Cash flow after debt service is only $80 per door, not bad, but not excellent either)Other observations: $475 rent for a 2/1 with 900 sq. ft usually means it is a bad neighborhood (and probably a class D apartment) $2.4M for 100 doors = $24,000 per door and for a class D apartment, that is too much.Please keep in mind I have limited info to go off, so my post is only based on what little info was provided.Who pays for the utilities?

I didn't set out to wholesale deals, but could end up in a situation that would require that if I can't fund it.I have set what I think Is a very realistic goal of acquiring 9 more buy and holds by the end of 2020 for a total of 10 roof tops.  

I'm curious @Dave Olverson and @Randy E. and others that contributed, if you were to update your thoughts on Durham 3 years later, what would your thoughts and observations on Durham be now?  

Got out of the STR business myself but still in touch with some people who are still having success.In my observation, the only homes where the #'s still pencil out are the larger, more luxury products.

Besides these there are lots if you go down to Boston and south.Interesting observation by Christopher about the BP membership in MA.

Its an observation about Josh go back and read the threads.

@Diem Tran The answer is "Yes".The 50% rule of thumb, is basically a statical observation:  If you take a {statically significant} number of properties over a period of time (years, decades), the expenses will average around 50% of the gross revenue ... the other 50% will be NOI.  

I plan to attend March 3 just to observe. 

I agree it makes much more sense to invest in Midwest than in the Bay Area.However, just an observation.