Figuring out if you have a great deal

[Uzoma Onyeije]

Uzoma here. Just getting started. Interested in using a buy and hold strategy for multifamily units. I am having difficulty finding anything in DC in good neighborhoods that meets the 1% test (monthly rent should be at least 1% of sales price). I have been advised to either come up with a new method of evaluating deals or invest in a less affluent area. I don't want to change my target area. Any thoughts on a more flexible way evaluate deals that still leaves me in the black? Thanks.