To illustrate my point:SuperH.

I give illustration, back 5-6 years ago, the condo in this area is 500k, comparable SF is 800k.

Some companies also have only recently entered the IUL market and don't have a long history and their illustration may be too optimistic.

The quality of them PM is one thing, but it only gets amplified by the quality (or lack thereof) of the properties and the resulting quality of the tenants.If you were to illustrate this with math it would look like this:  0.1 x 0.1 x 0.1 = your result.The answer to your question is obvious, but frankly easier said than done: buy quality properties with few repairs, they will attract great tenants with few issues and even a mediocre PM will do just fine.The allure of cheap cash flowing properties is real: After I had invested all my original capital I bough a few cheaper properties in Milwaukee (this was around 2010, so they were really cheap) and fortunately traded out of them within a couple years - it taught me a lot!

The process is illustrated below.The first step is to select the location.

The basic process is illustrated below.To keep this post in a reasonable length I will focus only on the first 5 steps, which if done well will make the remaining steps minimal effort on you.Define Your Goals and Resources"If you don't know where you are going, you might wind up someplace else." ...Yogi BerraWithout defining your goals, it will be hard to know where to start the journey and to see whether you can reach your goals.

I recommend including numbers to illustrate what you are tying to do.  

I am protecting myself, documenting my interaction with the tenants, have documentation of text messages illustrating that last night was the first time I ever was made aware of the situation and was sending over a certified plumber there today to inspect all heating units/systems in each of the three units to ensure proper working order.

I share this not to brag but to illustrate that anything is possible.

s to $ per sq ft, if need be to illustrate the relationships between the values.It may still be rejected with no counter, but at least you'll have made your case.If you're rebuffed again, move on.