Realistically many syndicators are underperformed and not meeting their proforma these days due to various reasons: lower vacancy, higher competition (including self-storage) and currently it's near the end of the bullish economic cycle where it's easier to sell (than buy) the assets.

If dumpster, figure $80-$100 / month.4) And as others have said, knock 5-8% off the rents for vacancy, unless that has already been included in the rents listed above.MF are great for economics of scale, but they're also a hive of hidden expenses. 

If we have an economic or housing collapse, then I’m prepared to lower my rent to keep tenants in place.

. — and also provide opportunity to attract NNN national credit tenants Are complementary to ecommerce as a brick-and-mortar interface forlast-mile delivery.Provide nearby residents a compelling experiential reason to leave their homes, such as in-person shopping by choice or visiting local restaurantsLike anything else in real estate, this can vary depending on the location and economic fundamentals of the surrounding area

I think the overall net migration out-of-state and ongoing fiscal crisis are likely to affect aggregate demand for new home buys and rentals outside of a few (mostly tech-driven) submarkets. 

Gross Domestic Product (GDP) per capita is often cited as a measurement of a nation's development or economic capacity.

But the fact of the matter is that there are many non-rent fees and use restrictions that can have a significant economic impact on a commercial tenant.

West Orange is rather diverse in economics and ethnicities, a large town in square mileage.

Another really good reason to buy properties that generate gains AFTER depreciation, let your investments be driven by their economics not their tax attributes.

But to add a little more color here, because I'll be investing out of state, and with it being my first investment, I am willing to give up some cash flow for a "safer" neighborhood/deal - I'm attempting to simply "get on base" as opposed to "hit a home run" in my first at bat.I have identified Denver as a market I'm interested in based on long-term macro economic factors, so while I recognize that it's already pretty expensive, my time-horizon is 20-30 years, which should still yield good investments.