The maintenance/cap ex, not being a function of the rent but a function of the unit and tenant, will consume a significant portion of rent.  

This negative position can consume years of cash flow to recover.

Still, Peoria, and likely basically every other Midwest city, beats inflation by a very healthy margin.

If such a worksheet does not exist (and it may not exist in a consumer-grade tax software, sorry) or it exists but is hard to figure out, then you might need professional help.

I do know they have a healthy marketing spend. 

What you consume, mentally and physically, you will become.Your quality of life can be a direct reflection of your thoughts.

Rather than entering and exiting based on market timing, I prefer to change an investment focus/strategy depending where I think the investment cycle is.Per Wells-Fargo analysis tomorow, the future is Fed 2/5 Notes yield around 4% so 50-70bps lower than today and it would not be like in the previous 40 years where there would be a huge spike down "reverse V".So if we assume the Fed Note at 4.25% and healthy spread is 200bps, we expect the Commercial Rate Note to settle at 5.7-6.75% in the long run.Having said that, if cap rate settles at 6.5-7.0 that's a pretty healthy spread, so I expect the valuation to down 50 to 100 bps from today.I see lot of "funds" level syndication these days, almost none of them running in healthy financial metrics.

I often have over 100 inquiries but 95% don't meet the minimum requirements that we list in the ad so it is very time-consuming to reply and get the basic info needed. 

He knew the risk, it was a good ROI for 18 months, but then it dropped and he hasn't gotten it back because he didn't build good healthy backlinks during that time... so it bit him.

They were very clear on the fact that a PM "definitely cannot share consumer reports."