Profit per unit?

[Austin James]

What profit per unit can you reasonably expect on small hab deals like 5-20 units? Older renovated construction, no hud housing. I’m talking market rate nothing sketch. Buy and hold deals. With max leverage like 25% down, traditional finance non recourse. Just curious what reasonable returns exist. Is your aim to clear like 150-350 per unit per month?

Frame of reference: I’m new to this, but very involved in multi family day to day (wholesale insurance broker) so extremely good understanding of characteristics besides ownership/operating/finance.
I’m talking sunbelt properties, far away from water or high crime areas.