I can't imagine the previous owner undercharging by almost 50%. 

Imagine Vegas where it’s $250k move in ready for $1400/mo.

., you are getting folks that are looking for a less formal arrangement (who i can imagine might gravitate towards a room-in-a-house situation), and who are then scared away by a thorough application.  

The electrical had been turned off, so you can imagine the smell from the fridge. 

I personally can not imagine an agent doing all the work on a short sale for the commission on $25k, let alone $10.

I look at every single item in the pro forma and imagine that it is complete BS, and see if I can challenge it.

I can’t imagine there is a broker who can do both well.

I imagine that is similar in most places but not sure.

Not sure what the Miami market looks like for multi-family, but imagine like many other areas inventory is scarce.

In the past undocumented aliens have tended to stick together in tight communities for the feeling of security I would imagine.