Compared with low-wage workers, people who have the financial ability to buy homes have been far less likely to lose their jobs, and in some ways, their ability to purchase homes has only expanded.

Im just saying if you compare a property that is about 4 times cheaper how does your ROI / Cashflow look like? 

A furnished home allows for 3X security deposit compared to 2X for an unfurnished home.

If you compare the services provided and the guarantees that I offer, you would probably ask why anyone would choose another manager.

Then compare those numbers to the average occupancy levels in your area in different seasons.I hope this was helpful.

Regardless, it still seems like it'll give you negative cash flow.Consider if there is any chance you can rehab for a higher rent (compare to the local rent rate) then redo the calculation.

I sold real estate on the West Coast for several years and honestly we disclose everything here.The contracts in California, Arizona and Nevada are laughable compared to how much disclosure we have in Texas. 

@Samuel Bofferding I started at 71% and the tenant of course pays that down even more, so there will be equity to pull out.I can’t compare my returns or strategy to someone doing this full time or doing everything themselves because that’s not what this is and that’s not what I’m trying to make it.

How does the T3, compare to the same months last year? 

Rents have never gone down in New Jersey and I believe this is a more important factor than the short-term movement of your property's value.