I would also include the inspection (that's huge to make sure they know you're serious about no damage to the property, beyond normal wear and tear).I put together a high level checklist on how to manage your property.

Grad students are probably more mature and less likely to through huge parties or do damage to the property. 

Also, is it effective to start rent higher than projected and just work yourself down until someone bites?

The 30 days due diligence allows us time to inspect each property, talk with the tenants, take good notes on repairs needed, potential evictions needed and any other damage control needed so we can get these up and running at 100% occupancy.

I have questions about the fluctuation of this over time and how it effects the numbers overall.)HOA & projected maintenance/ongoing repairs are another 11%-ish.Cash Flow: $363 Overall, I'm feeling really good about this purchase & it's potential.

As petroleum prices sink to newly tested lows, expect the trickle-down effect to take a toll on the cities in Texas, Oklahoma, North Dakota, and fracking states, like Ohio.While Charlotte and Atlanta are both good investment locations in 2016, I believe it is safe to say that Seattle is going to take the cake in 2016.

@Paul MacInnisAround here it's not really cost-effective to build anything that small at the moment.Unless demand is up in Windsor / Falmouth, does it really make sense to build?   

My lease states tenancy is for residence only, no business of any kind, and no conditions that would effect my normal insurance rates.  

Truth is...I don't have time to allocate to doing those things and be effective (or perhaps in part because I'm lazy, sure).

Property needed major water damage repair inside (luckily is was very recent and white water), had I known,  and it would have cut the purchase price down to 60%MV.