Investment cap, advise for knowing when to jump on a deal

[Heather Rodden]

Locally there are not a lot of multi family units. So I’ve been focusing on single family homes. Generally I’m trying to find a “general” price for a decent home (whether it is done, or needs work). I can find nice 2 bedrooms ($600-700/mo), or 3 bedroom homes that can rent anywhere between $700-$800/mo. I’m not very familiar with expenses and such...so when using the calculator it is hard to know what to put in. Taxes are Around $1500/2000 (aiming high), just based on our homes we currently own. We have 3 properties at the moment, but I’m wanting to grow.