I would shop around and price compare. 

@Dan Heuschele I think we are on the same page that even the rough parts of San Diego are mild compared to some of the larger cities, I just don't want people thinking Logan Heights is anything like some of those areas you mentioned.I feel pretty optimistic about the potential in the area, you should check out the San Diego City revitalization plan for Southeast San Diego if you want to see what might be in store for some of these areas. 

An investor that isn’t paying attention and is comparing one offering to another might completely overlook the fact that the asset management fees are actually vastly different. 

Detroit looks good to me because of the higher rent/price ratio compared to most markets.

Leverage is a percentage of what you owe on the properties compared to what the properties are worth.

The tile floors added weight compared to the old vinyl floors but I don't see how the weight of tiles aren't an expectation when building.

I live in the Buffalo, Ny area and I've been looking around at every online website I know of to find different properties, then I go to CL compare the average renting costs in that area.

(compared to selling it to a flipper (in most cases).The reason you are skeptical.. is like many people here... theydonotusetheirheads!!

But in perspective , We are the 2nd tier of the construction industry compared to the larger newer producers.

You could be talking 30% compared to 15% or 0% (zero if you fall under the income limit).