Appreciation still counts as ROI.

Appreciation is not counted.

I am just counting on that group of 5-6 students to make the money worthwhile.

Next, he said he would waive any security deposit and just count the rent.  

The last one prevents us from discriminating on "source of income"; can't say no to Section 8 vouchers and now can only count the tenant portion with our multiplier for qualifying to rent.

Management decisions that may count as active participation include approving new tenants, deciding on rental terms, approving expenditures, and other similar decisions."

Apparently my phone is trying to boost my post count.  

So no real strategy can be learned to count on the incompetence of others. 

Also, some areas count basements and other don’t, etc.

Also, they may count some of the expected rental income from the property towards your regular income.