But right down the road, is a city area where row homes go for about $60, but quality isnt best as you can imagine.   

Screened in back porch.

Screened in back porch.

Here are a few that I see often:- Placing a low quality tenant at above market rent to show better number, leaving you to have to lower the rent to find a decent tenant after you kick this one out and rehab the unit.- Offering free management for the first year if they have an in house management company to show lower expenses on your ROI calculation.

Renters are picky, and expect updated units, no nasty carpet, or dirty looking units, plus you will get a better quality tenant.

Things we've had flagged in the past are having dual sensor smoke detectors installed, all windows must open/close, torn window screens, functioning garage door, fire extinguisher present in kitchen, floors/walls must be in good repair, 2 prong outlets if no grounding wire is present, etc.

I'm hoping that would imply there's room to increase the rents via improving the quality of the units.Thanks again for the response and educating us on what DSCR & CAMs are about and how those figure into the numbers, we really appreciate your input.Cheers!

You also need to assess area rents, as well as understand what your finished target should be - quality grade, amenities, etc.

How to destroy, bend, scratch, scrape, tear and collapse window screens efficently.

look at utilities and other added benefits you could upsell to your tenants, but it looks like you have a great deal, just screen properly and be professional firm and courteous to your tenants.