Some points about me and this property:- it consists of four 1-bedroom apartments - rented to young professionals- this is B property in a B neighborhood - current rents are $2300 ($550x3 and one $650 - the $650 is the newest tenant and the apartments are identical - so it sounds like the rents can be increased in the other 3 upon lease expiration)- it's listed at $139,900 and has been on the market for about 3 months- my calculation on this property is based on full asking price and current rents- The COC ROI is misleading based on the way I did the inputs -- the only cash out of pocket will be closing costs which I've been quoted to be about $7000  out of pocket. 

MF were a steal in Dallas when I got into them around 2011 but have found MF particularly inflated the last year or two, even more so than SFR.  

I plan to hold for at least 5 years.This is an early-1900s home with three identical 2 Bed/1 Bath units.

... people were inherently good...I'm pretty sure my new property manager is deliberately stealing from me. 

that would also prevent anyone from stealing the a/c unit.

Isn't there something in those online programs that require people to verify their own identity?

And last, how do you confirm the tenant's identity - at application or at lease signing?

@Simcha Davidian Our situations are identical.

Stealing equity from uneducated sellers is unethical.

. $550K for two units would have been a steal ;-)Let me know if you need some help finding another rental.