My agreement with the old PM outlines the process for terminating the relationship based on written notice. 

P.tax and insurance rates are REACTIVE, because they are based upon a % of the property value.

We go through Tilton, Thomas and Morgan, which is based here in Missouri. 

Every year realtor.com releases a Top Housing Markets report based on anticipated sales growth (inventory) and price growth (appreciation).

I’m part of the Rob Lawrence Team, an investor-focused real estate team based in South Eastern PA.

I want to be able to find potential markets/listings nationally based on the return. 

I am based out of Westchester County, NY, looking to invest in multifamily properties.  

The tenant base, on average, tends to be rougher on the properties, moves more frequently, and cannot absorb any rent increases.  

I adjust pricing based on demand, like raising rates during peak season or local events, and lowering them in slower months to stay competitive.

I mainly want to ask if these assumptions are reasonable and if there's anything I haven't considered:(1) multifamily units in NJ close to New York City, ~$1,000,000, 20% down payment, (2) Using the following assumptions: 4% appreciation rate, 6.5% interest rate and 5.0% refinance after 5 years, $10,000 yearly maintenance fee(3) ~$6,000 monthly rental and assume 3% increase yearly with 5% vacancy rate(4) Based on the above, the calculated IRR if selling at the 10th year is ~19% (considering tax benefits) and ~17% (without tax benefits).