Spread the word among professionals such as social workers, physical therapists, occupational therapists and speech therapists.Kudos for thinking about those who are presently under-served by the hospitality industry! 

I have a W2 job that I average 60 - 70 hours a week at. 

According to Rent-O-meter.com, a 1 bedroom at that zip code averages $861 in rent and the median rent is $838 so you are on the mark there when it comes to income.

This is partially due to the fact that the value for these kinds of properties is based on comps (i.e. what an average person is willing to pay for) instead of the income it generates.I don't have any firm data on it in front of me, but I recall reading that the biggest losers in the last crash were folks who focused on SFR.

I know it will vary depending on the tenants, but what is average for a 1100 sqft apartment?

Hi @Maria McCreless our company has been sending mailers for over 15 years and found it to be a great tool to locate motivated sellers. 5% is a good initial response average.

You should be averaging at least a few calls a week in a healthy rental market.

National average for PMs cost is 14.+% after lease up fees and other associated misc expense.

Average unemployment is 15%.

Zillow openly explains this at https://www.zillow.com/zestimate/ and publishes their median error rates and other stats for some major metro areas at https://www.zillow.com/zestimate/#acc.The good news is, it's relatively easy to validate how accurate it is for your market:Have your realtor pull 50 or 100 active and sold homes in the market/neighborhood you want to analyze.Compare actual asking and sold prices to the Zestimate for each one, put them in a spreadsheet, and develop some averages.