I can write pages on why, but in general, we want tenants who'd rather eat Kraft Dinner and still make rent if they're short on money.

When rental demand exceeds supply, the marginal investor is buying property at current market rates, thus will be the future market maker for rent.

Also dogs are pretty good about only going outside and rarely have an accident indoors, but cat's will pee on anything and cat pee has so much stronger odor.

Its a money loser, not maker, in that area, unfortunately.Jen

Won't be a big money maker, but it got you to Jump off the Cliff and do your first deal.Once you have your base line Deal Analysis done, do the following variations. 

Quote from @David Lilley:  cap rates are a sensitive subject for equity right now, so it must be taken into account.Agreed, however I’d counter that’s only because of a) the equity decision maker has some of the same misconceptions of cap rate as described in the article or b) the sponsor hasn’t done a good job conveying why the going-in cap is either reasonable under the circumstances or doesn’t matter.Nevertheless, if the equity still says “no” none of this matters anyway.  

Generally the issue is not finding the ownership interest, it's getting in contact with the applicable decision maker at that company.

Hey there, I am focusing on smaller MF properties 5-20 or 5-30 (still formulating my strategy) that allow for value add (i.e. there's a decent delta between the gross SF and leasable SF that would allow for another unit to be added, or garages that can be converted into maker spaces of some sort).  

Two challenges to be aware of:1) Many charge the flat fee even when the property is vacant and a tenant not paying rent.2) For this reason, the flat fee model works best on Class A rentals, maybe Class B, but NOT Class C or D (this is our opinion, from figuring out what went wrong with owners that have hired us to replace their flat fee PMC)You didn't ask about maintenance fees, which are often the biggest money maker for PMC's.

The note says"Existing seven year old system has failed due to major refrigerant leak in the indoor heat pump coil (unrepairable), and the outdoor unit compressor has failed also because of this we recommend replacement of the outdoor unit and the matching air handler unit in the house."