Hopefully, in exchange I get to learn.Thoughts/QuestionsHe does have employees under him, but not any personal assistants. - Solving a possible problem?

I would try to find someone to do it on a gross rent level with a reduced lease up commission fee

I say it's time to realize your profits and turn that 500k of equity into $30k of gross monthly rents (which would be 1.5% of a 2 million dollar multi family)

For me it's been as simple as simulating a correction and removing, for instance, flip income, as well as reducing gross rents. 

Thanks$230k Purchase Price$30k gross income/year (AirDNA/Rabbu)Yearly:$12000 Monthly payments$8000 utilities/capex/mx$7000 cleaning (70 stays/$100 per clean)Add in all the other costs and the cash flow is negative, even though it's such good loan terms.

Specifically, if the property could be rented today, without any renovations, at a higher rate but the seller up til now has chosen not to, should they expect to be able to base the sale price on gross potential rents?

Gross rents per month is $1895 per month.

There is also the risk you are taking on by hiring someone without employee insurance.  

That means you’re really paying 15.66% of gross rents to the PM instead of 8%.

Unless it also has employee car wash attendants.