These properties also offer you the opportunity to perform cost segregations which help with those current taxes. 

He had performed virtually no underwriting.  

You want a hustler, not a top performer, if you want check-ins.

There is certainly a strong correlation to credit score and tenant performance.

Multifamily projects often yield higher per-square-foot returns due to economies of scale and consistent demand for rental units in urban areas.

Tapping into that equity through a HELOC or cash-out refinance and reinvesting in higher-performing assets could improve their ROI significantly.

I don't know about your idea of maths but to me that says Midwest performs at 2X of CA. 

Here's a quick breakdown:Unforeseen Property Issues: Hidden damage, bad tenants, major repairs – these can eat into profits.Vacancy Woes: Empty units mean lost income, impacting cash flow.Market Downturns: Property values can drop, affecting your investment's performance. 

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!

Create a bonus structure that gets those managers pumped to perform.