There are other factors, of course: appreciation, your tax situation, perhaps you're overinvested in another area and want to diversify, etc.

Through the analysis process I learned that every property has an offer that makes sense on paper, but there are countless non-tangible factors that will influence how the investment turns out.

Hey @Daniel Brantley, like @Charles Carillo said, vacancy length really differs depending on many factors, so there's not one solid answer to that.

However, I have seen people commonly factor the "money partner" as a 70% partner.

It's a reference and a data point, but it is a pixel and not a picture.Condition is also a major factor; we get typically 200 to 300 more than calculated, because the condition is nicer than average and people are willing to pay for that.PM's are often a bit on the low conservative side, understandably, they don't want to overpromise, also it makes it a bit harder to find a great tenant.Size is another major factor; tenants are very much shopping for square footage.

Hi @Hannah Spanke,If you're interested in investing in San Diego, having a local team in place can be one of the most imporant factors in making sure your rental property is profitable.Having worked with @steverozenberg, Bigger Pockets contributor, professional real estate investor, and Head of Investment Education at Mynd Management, I've learned that not having a local team can be one of the biggest drains on investors return on investment.

When also factoring the relatively low cost of entry, this is a great market to get involved in.

Really depends on a ton of factors like inlaw size, potential to be nice unit, how easy it will be to legalize it, etc. you’ll need to invest the time to better understand this.

Just be aware that cheaper properties tend to be:Old and require lots of ongoing repairs.Old and many repairs would cost more in order to bring the property up to codeTenants from on the lower end of income that tend to have more challenges paying the rentHigher vacancy and tenant turnover Higher frequency of evictionCheaper properties are more difficult to finance (for your future buyer) due to the higher cost of the loan relative to the loan amount.Price appreciation is minimalMany investors do not factor in the eROI (emotional ROI) which means such properties:Will create more "noise" in your lifeRequire more of your time and attention. 

@Monica Labrada, If you're interested in investing in multifamily in the greater Tampa area, having a local team in place can be one of the most important factors in making sure your rental property is profitable.Having worked with @steverozenberg, Bigger Pockets contributor, professional real estate investor, and Head of Investment Education at Mynd Management, I've learned that not having a local team can be one of the biggest drains on investors return on investment.