Even if you found a deal for $200,000 that produces $9,000 a month income, that's a complete unicorn that you probably found off-market.

I do 12-month leases all year round and it actually produces more income.

But the nice thing about a commercial property is that you do have control over the value of the property. buy-out costs have to be baked into a business plan along with a clear understanding of what the property can produce over a given timeline. $2.2M for 12 units could be a really good deal in a good location with the right plan or it could be money pit and the end of an investor if it is in the wrong place or a bad building.

Remember they can add 75% of the potential income that the small multifamily will produce to your DTI ratio. 

Quote from @Bocondo Williams: That's the problem with free software: they eventually have to generate revenue, then they want to produce profit, then they want bigger profit.I think most software is going to charge $1 or more for every ACH payment.

Another concern I would have is that if we enter into an economic situation where tourism declines and foreigners stop buying expensive second homes there, you could get stuck with a property you can’t sell that isn’t producing much income. 

This means cash flow is producing 4.3% ROE.  

He has also invested like this with us on a couple of high-producing STR beach houses (that net each of us around 70K per house each year).

We started with flipping to build enough cash to start buying income producing properties and have decided STR's is the way we want to go.

Because I invest in income producing property, my net rental yield is around 8%, with yearly increases, leveraged with 4-5% loans, creating a net cash flow and debt reduction yield of about 10%.