They are also taking 5 years to do 4 year degrees-not because they are working part time, but because they can't handle a full course load and that is adding a lot to their costs with an extra year of living expenses.

Oceanfront are amongst the most expensive in the state.

They are expenses but guests seem to respond to these special incentives. 

Here's a summary of what they've offered:- Monthly PM Fee: 8%- Markup Fee: 15% on top of bills for services like fridge setup, applicable to any expense over $300.- Late Fees: They retain 8% of any late fees collected.- Initial Setup Fee: $300.- New Lease Fee: $275, but no fees for lease renewals.- Maintenance: They offer minor maintenance in-house, with the markup fee applying to expenses over $300.Do these terms seem reasonable to you?

Replacing the electrical can be quite expensive.  

I've got a pretty expensive remodel with furniture so I only want the right crowd.

Total expenses (include formulaic maintenance and vacancy rates)4.

Would it be expensive?

.- I am confident that the 50% rule will be a more accurate expense estimate (-606/month) than the OP's estimate. 

Client acquisition is time consuming, competitive, and can be expensive if you don't do it right.