A 4 plex hit the market and 11 days into it 2 of the tenants move out due to lack of  management.

[Soapbox moment: I wish all landlords were required to do this so the bad apples don't poison the well.]In my pre-qualification questions, I ask if they've ever been evicted and/or have a financial judgment from a prior landlord so I don't waste time on them.

There can potentially be a big difference between the two and comparing apples to apples is always best.

@Jeffrey Estrella - realizing the gusto it takes to come out with all guns blazing, as you did, you're lacking a certain amount of finesse...you know what I mean?

i agree bad apples should be reported but every single person that contacts you, ha!!!

Would it just be the lack of competition?

I certainly would not want to stand in front of a judge and try to argue that the tenant's lack of watering caused foundation movement.  

My biggest fear is to be too nice and get myself in trouble for my lack of judgement.

Its the lack of understanding how to manage one's finance's that is a critical issue.. its too easy of credit..

Is this a valid way to look at it since there are no apples-to-apples comps?