Upon what for example?

For example a purchase of a SFR to quad in San Diego at a rent to cost ratio of 0.75% is good. 

In the below example, if i were to sell the property at the end of 5th year, does it mean that the total net return is  4.5% over the 5 years since buying the property (i.e. less than 1% a year) ?

If the rest of your buildings are running smoothly, I'd say the only common denominator is that TBT PM.Another idea is to send a "secret shopper" to go through the tenant onboarding process on these vacant units.Yet another is to see if you can reach out to your remaining tenants (under the guise of a customer satisfaction survey, for example) to see if they can shed some light on it.

For example, it's very rare in my market for individual landlords to provide properties furnished or include utilities but it is in many others.

That probably doesn't seem unreasonable to you, being from SF, but being from Ohio, I have to question it.http://www.cleveland.com/datacentral/index.ssf/201...If the house goes up that much in value and you refinance, the taxes will raise as well, but you are using the same number in both examples. 

Maybe a better example is a $25,000 property, Brick Home, Great Tenants bringing in $750-$1250 monthly.  

For example, if you look at Houston, The Woodlands Sugarland Texas the total building permits issued based on annual report was 42673, but if you add up all 12 months from the monthly report the total was 44879.Please note that I used the monthly/annual reports titled "New Privately Owned Housing Units Authorized Unadjusted Units by Metropolitan Area" which I got from https://www.census.gov/construction/bps/I just want to make sure my analysis is accurate.

@Buddy Holmes Yes, from my understanding, 1/2 of the property would receive a stepped-up basis and the depreciation schedule would restart at the new stepped-up basis, whereas the other 1/2 would remain on the current depreciation schedule.For example, if the FMV of the property on the date of the deceased party passed was $300,000, then the 1/2 inherited would receive a stepped-up basis of $150,000, erasing any previous depreciation.

For example, 3000 mailers a month in LA will lead little to no results in comparison to the big hitters who are sending out 40k a month here in LA.