We obtained the full financial package, and the seller's "Pro Forma" is built on a complete fantasy.The descriptive reason for the high cap rate is that the seller is using deceptive and impossible expense projections.To get their advertised 15.26% cap rate, they are projecting that as their Gross Rent increases by $75,900, their Total Operating Expenses will simultaneously decrease.Here's the breakdown of their math:Taxes: They assume $0.00 in property tax increases, which is impossible.

Long winded way of getting back to my question – I work about 70-80 hours a week in the city, so managing a property would be almost impossible (especially to do it the right way).

Anyway makes following the discussion almost impossible like a book with the chapters all switched up.

Its not impossible but it will require a lot of effort.

Possible in some, impossible in others. 

Solid booked is virtually impossible, as you will always have a few oddball windows between guests. 

I currently live in North Jersey and it is near impossible to get started on investing in real estate here.

BTW, the housing market here in Danbury, CT is impossible, rent for a 2 br apt is in the $3,000 to $4,000, it's incredible.

I find this harder to do but it's not impossible.  

We spend thousands of dollars per month on fraud detection systems and they are virtually impossible to catch without them.