It all depends on the bank.  

I guess it just depends on how fast youre willing to relocate over and over.

Our lease break fee was 3 times the rent, mutual termination, paid by money order or cashiers check, and of course security deposit refund depended on how they left apartment, processed in 21 days. 

This totally depends on the spread of middle class, which compared to San Diego is much more narrow.Like I said, I do not want to be a slumlord...  

Sounds like it really fluctuates depending where you are at.

For example, we specialize only in B/B+ properties in good areas with high rental demand which usually sell (at or below market value, per appraisal) for $80-130K and provide 7-25% ROI in the first year depending on financing etc.

We have great credit scores and high income.

Occupancy has improved a lot since then. 5% actual with 5% economic might be more realistic for 2016. incremental rent growth after the property is stable is 2%I think we can safely assume a 3% growth rate going forward due to high demand and low supply (depends on your area). 

Multiply the two.Utilities-Totally variable, depends on the type of utilities to each property, the size of the property, and the degree of insulation. 

It will take some time to assess each one for dependability and fair pricing.