Establish a base line for multi-unit

[Kris Betkowski]

I wanted to pick your brain regarding establishing a baseline for a multi-unit building. Typically I went after semidetached homes. Our semidetached homes a very similar to each other 3 bedrooms + full bathroom upstairs with. A kitchen, ½ washroom and living area on the main. Rec room and laundry in the basement. After a few I got to know the rehab where I can estimate the cost of the rehab with in 2k. Knowing that a full reno is 20k (me doing all the work) It was easy to establish a steal price. If the units in great shape in a good location go for 200k a rundown property is still a good buy at 150k. But not so much at 170k at 170k. Since all the semies are the same the only variable which changes is the location and possible rent collected. Manageable. Now I'm thinking of pulling out my equity out of the rental props I already own and go after a multiunit building. Looking around for a few weeks it dawned on me, when looking at a multi-unit prop I don't know if the property is a deal or not. I guess I could look at pure ROI. But there are additional variables I would guess play a factor here. For instance a 10 unit, 2 bedroom each, with a rent 1000/unit might be or not a better buy than a 15 unit with one bedroom collecting 660/unit. What if it's a mix? 4 units with 3 beds and 7 with 2.

Sorry for the winded explanation.

So my question to the seasoned investors of multi-unit properties what do we look at?