Description: Capitalization rate shows the potential rate of return on the real estate investment.

@Michael HicksThanks a lot for the detailed description and estimate of costs.

I was looking at the job descriptions for property manager and it was a full page long. 

Seems for your description maybe not

If you havea) an attractive listing advertisement (many high-quality wide-lens photos, video tour, detailed description)b) advertised to the major listing platforms like Zillow/Trulia/Hotpads, Apartments.com, and Zumper/Facebookc) a professional manager demanding reasonable qualifications and lease terms and responding in a timely fashion to inquiries and setting up showingsand the place is still not leased, then your price is too high.

One thing I have added to my leases over the years that may not be common: I specify particulars of pet care if there is a pet (aside from name and description of pet).

I've seen a description of a "Checkbook IRA" structure where a single IRA or a group of IRAs own a special purpose LLC that invests in whatever.

So you will want to be crystal clear in your listing description so that there are no surprises and bad reviews that come of this in the event you get a booking from a party of 6)

In the MLS description the seller/agent included information that it has a new roof. 

They wanted full drawings of the building, the lot, project description etc.