You're already seeing a decline in the average ARPU across homeowners and people can't afford to drive to your house or even afford to eat there once they arrive. 

Hi @Eli Kfouri, I look forward to welcoming you to Jacksonville, FL when you arrive. 

Then, when the monthly payments arrive, record it this way below. 

Our Guest’s choose our furnished apartments because they can arrive with luggage and live their entire life without missing a beat!

Remaining tenants get a new unit; the newly arriving tenants gets a small rent increase...and we rarely take an entire unit out of service.Mo’ betta guacamole.

I’ve read many replies about not using lock boxes because of the risk someone trashing the property, stealing items, putting the home up for rent after knowing the code, losing the keys, not putting keys back in the box, you want to see/get a “feel” for the type of person they are, etc.People also recommended ways to prevent this by requiring photo identification of anyone viewing the property and only giving them the code once they have arrived at the property.It seems that if you had more than 3-5 properties that you are managing or listing it would be an enormous waste of time and maybe impossible depending on the location of the properties to meet every screened/prospective tenant at each house.

I arranged a meeting to inspect the home and discuss the situation, but on arrival I quickly noticed two issues.

everyone will arrive at different numbers depending on a whole range of assumptions.  

Ask a seller about how she arrived to 900k number- get to individual value.

Like J Scott said build your own baseline.I arrived at mine by building spreadsheets and using past expenses to develop averages.