This shows the monthly rent, county taxes, city taxes, insurance, cap ex, maintenance, debt, vacancy, utilities and the result in the "net income" or cash flow.

@Steven Winfield a 3% vacancy factor is each tenant staying for 33 1/3 months.

I believe the $1700 is a fair market price for this property since the for similar units in this neighborhood, the Median and Average rents are $1773 and $1825 respectively.In the first few months of ownership, I want to be discreet in my interactions with the tenants as it may result in unit vacancies during the period that my cash flow is recovering from the closing and initial repair costs.

However I take comfort knowing rental vacancy rates across the country are at historic lows and inventory remains incredibly low, while immigration remains strong. 

Maybe you can find a tenant but the more likely scenario is the unit has a long vacancy and I say this with my rentals in a location that has a vacancy rate of below 4% and it has been years since I have not found a qualified tenant in the first open house for one of our vacancies.I wish everyone the best and hope that everyone displays compassion.

We were curious if anyone was a landlord during the 2008 market crash and wanted to hear what impact it had on their rental properties (vacancy rates, rental rates, etc.)We know that this could potentially be a great time to buy. 

Vacancy with college kids could theoretically be 0%.

Since we also have a 24 hour advance booking time frame, it essentially makes it impossible to fill a vacancy last minute.

One significant exception is during the dot-com bust in 2001; for example, San Franciso reported large vacancies and rent decline.

Vacancy of 5% is your tenant staying for 20 months.