Listings include the active inventory of existing single-family homes and condos/townhomes/row homes/co-ops for the given level of geography on Realtor.com; new construction is excluded unless listed with an MLS that provides listing data to Realtor.com.

Why exclude 50% of the city??

In Austin people were mentioning pricing similar to what you listed and they were not sure it was a complete system.And this excluded finishes.That being said, if you are adding a complete system, make sure you locate vents and ductwork.  

We can successfully manage our class C units to produce higher cash flow to equity (excluding the STR) than the units in better locations.All of the areas you listed are expensive areas that will have poor initial cash flow as a long term rental with high LTV loan. 

OR has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence). 

This allows homeowners to exclude up to $250,000 ($500,000 for married couples filing jointly) of capital gains on the sale of their primary residence.

For some very basic info for the amount of active listings in the Springs MLS (excluding Pueblo):5 - 6+ Unit Apartment Complexes $667k-1.8MM1 - Fourplex needing substantial/complete rehab $295k2 - Triplex's at $238k and $360k5 - Duplexes from $189k (complete rehab) to $580k. 

Excluding #1, cash to invest, the other three (whether collectively or as a whole, can be appealing).   

For further details on this parameter, please consult our user guide.We have allocated a budget of $15,000 for renovations / refurbishments.The purchase price of a 2-bedroom / 2-bathroom unit in this area is $498,000, with 5% of this price allocated for closing costs.A turnover cost of $175 per booking has been factored in, with no rental management fee assumed, indicating that you will manage bookings and cleaning services independently.The mortgage rate is set at a fixed 7% per year, with an 80% loan-to-value ratio (LTV) and a 20-year term.For the remaining parameters in our financial model, please refer to the image above.Taking these values into account, below are the results of the financial case study.Some insights:The results show the anticipated performance of a 2-bedroom / 2-bathroom unit in the southwestern area of Okaloosa Island, Florida.Expected gross revenue amounts to $78,240, derived from 47 bookings with an average stay of 5 days at an average daily rate of $325 (inclusive of cleaning fees).Total yearly expenses add up to $68,014, encompassing various costs from private mortgage insurance (PMI) to property taxes and annual loan repayments.The cash required for this deal totals $139,550, incorporating the 20% down payment for the mortgage, 5% closing costs, and the $15,000 renovations budget.Pre-tax net revenue stands at $10,226, representing a 7.33% cash-on-cash (CoC) return.The annual return on investment (ROI) is 1.9%, excluding value appreciation.

@Raghavendra Jakkani wanted to add that some states, source of income is protected so you can’t exclude income sources that may come from child support, government assistance etc.