3) The staffing overhead to manage such constant turnover of units has to be tremendous. 

Get that septic pumped asap.When you have tenants responsible for repairs, they dont call you, which could escalate the problem.

What I have said above is a tremendous simplification of the laws.

Why do people people not build in their escalations into their leases?

They helped me tremendously with the administrative tasks that I didnt like to do or didnt have the time to do.

Multifamily is under tremendous pressure with the lowest cap rates in history, mostly cause all other passive investments dont pay crap!

We all have different things we look for and there is no right or wrong here I want a 20 per cent return min and am finding it I alsp want a propeprty whose value will escalate over the next few years  so I have choices in the excit stratigie that I use.

In general, we have a good amount of homeowners that have high equity positions in their properties, after the early 2000's, the home prices started escalating and never came down. 

@Sammie Xiao - Hi Sammie, the costs can vary tremendously, just like any kind of new construction.

She immediately escalates to withholding rent.