We are our own business, independent contractors (unless you are an employee of redfin or similar) and as such it is on us for business. 

A few years ago I hired some additional employees (out of state) for my business to answer emails for my company from home.

you are putting up 655K and getting back gross 26.4k per year , in the surface this is 4%, but actually if your condo assoc decides that they need new windows and hits you with a 12,000 assessment you are screwed.

I need to formulate a professional response that puts this cocky person in his place reminding him that Realtors (no matter what one's opinion of us is) are not a strong-arm mafia to help you employee unethical attacks to try and screw people.

Because you have to rehab homes when someone moves out, plus the extra demands of 24-hour emergency repairs, and the higher vacancies (10-15% for some when operating at best vs 5% tops for land lease), I would say that these communities will have a much higher gross rental income and a little higher expense ratio's.

It even has "guest" login options for partners/spouses/employees.

They talk about it a lot on BP, just because it's so easy to remember.In a nutshell, a "good" deal is one where gross rental income is greater than or equal to 2% of the purchase price. 

That 7k is a gross, net is probably around 4k after overhead. 

They send out HUGE mailings and gross $100k+ a month.So yes, if scaled property, wholesaling can be a great "machine" that will give you passive income.

AND we will be providing living space for new employees who join our company for 6 mos. to allow them to save up for their down payment on their first rental property.