Also VR PM'S can charge as much as 30% of your gross, not your net, but your gross.This make it much more difficult to make any profits.

That you will pay cost + 10-15% PLUS ___% of the net/gross profit. 

What this investment promises is $2,000 in gross monthly rents. 

I always shoot for a minimum of 30% gross profit margin.  

Are there monthly reports listing gross rents, expenses, etc? 

If you do owe $97k, then yes, if you sell at $300k you'll get $200k gross, then subtract fees, closing, etc. 

so 4 bedrooms total on Russell St. i assume you are renting to students...i think your gross rent numbers are optimistic, i have a place on Colborne St. which is ~12 minute walk to the main library and i rent 4 bedrooms for 2200/month (550/bedroom). 

Depends on your business model and financial goals.As I often state in this forum, I specialize in investing in buy&hold (LTR) with 18%+ gross returns (yearly) so I'm not looking into markets like Coimbra RN

If you take all of your fixed and variable costs from last year and divide it by all the gross rents you collected, you'll have your costs expressed in the same format to compare to the discount he is asking from you.

Those can all get dirty and gross, so they would need to get cleaned maybe before and after depending on the tenants.