It is commonly stated that management companies run on a thin margin for profit and loss. 

Margins are tighter the nearer you are to the city center, but still 20% - 25% deals to be had.

Are there benefits to consistent bookings, price-margins, etc when searching bedrooms, bathrooms and square-footage... 

Nice work, that’s a pretty darn nice margin on a first deal.

Systems can make even marginal deals worth the time.

I'm preparing more to compete in a environment of increased rates and tighter margins far more than I'm looking to bask in arbitrary equity gains.

However, appreciation is that margin which allows you to make mistakes and still make out OK. 

p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px 'Helvetica Neue'; color: #454545} p.p2 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px 'Helvetica Neue'; color: #454545; min-height: 14.0px}Hello Bin, Below is my opinion as a real estate agent in NYC who deals with rentals often.

Add punctuation / line breaks to make myself pause while reading.Set a larger margin on the left side (where I hold the pages).Fold over the top right corners of each page, so I don’t have difficulty turning the pages while reading.Then review the text and get clarification on words I might not know how to pronounce.  

Below is a sample calculation for net rental incomeRental receipts less depreciation less property management fees less mortgage interest less repairs less property taxes less home owners insurance.The above calculation does not include all potential expenses and you may have additional expenses.If the net figure is positive, add the number to your adjusted gross income and it would then be taxed at your marginal tax rateIf the net figure is negative, the loss may or may not be utilized depending on several factors that your accountant should be able to explain.