Get ahold of Joe at ABC Rental Management, he can give you an idea what rent should be, and is a great property manager,  he is managing 10 of mine right now, you may be surprised how high rent is

I would also argue that a good economy results in lower crime and increased immigration (you need workers).

A few great books worth the read:  Trump University Commercial Real Estate 101: How Small Investors Can Get Started and Make It BigLindahl, DavidThe ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad's Advisors (Paperback))McElroy, KenRich Dad's Advisors: OPM: How to Attract Other People's Money for Your Investments--The Ultimate LeverageMichael A.

Think ABC - Always Be Closing ....

Lots of people arguing about that right now.

I argued but they basically won't do the deal.

I'm not even going to risk arguing with Rick H. about the value of technology (or the limits thereof). 

Something to think about.Never argue with a naysayer.

Basically, you're taking equity owned by the property owner, the seller, as an agent you're the expert in the room so you have another issue in dealing fairly, fully disclosing the value of a property is part of an agent's duty, with or without a listing agreement.There are threads on BP with over 100 posts arguing this matter.

@Ray Jimenez You came here asking the volunteer contributors here to give you feedback on your "investment" proposal and now you're arguing with the responses you receive.You have little experience, credit or money.