Starting out in Rhode island

[Sherwin Vargas]

Hey guys,

I have been studying and learning for the past year but I am finally ready to buy It seems like alot of the multi family listings are at great prices in rhode island and am getting slightly overwhelmed with where to start. 

I been sort of following a quick rule of thumb for a 20% cap rate. just as an idea. I was wondering what other Rhode island investors use as rule of thumbs to quickly fish out bad and better investments. 

 I have been looking in pawtucket, and providence mostly. I know There are alot of quick test and rules of thumb but I am just wondering what exacly rhode island investors use. 

Thanks in advance.