How to evaluate multi unit property?

[Stephen Dominick]

What is the best method to evaluate a multi unit home? I am in the process of educateing myself and maybe reading to may books to fast (information overload). Sooooo? what is it Cap rate, Sq/Ft compareables, Price compareables, GRM, ROI, or DSCR and I'm sure I'm missing some. I run the numbers one way then what about this way and that way and that way and so on. You get the picture. I've read a very popular and recomended book on Duplexes, Triplexes and Quads and, Yes the information is sound advice but not everyone lives in very popular vacation destination. What if its just an very soild neighborhood in the coal country of the north east. The community has not risen or falling in any dramatic way in 100 years. Just very nice, well kept homes blue collar homes. There are a number of multi units at very resonable prices,I think. Is it worth investing?

[Kristopher K.]

@Stephen Dominick - here's a couple of @Brandon Turner links

http://www.biggerpockets.com/renewsblog/2013/04/09/how-to-buy-a-small-multifamily-property/

http://www.biggerpockets.com/renewsblog/2013/06/14/50-percent-rule/

And an excellent @JScott link (they'd be more excellent if the mentions worked, oh well)

http://www.biggerpockets.com/renewsblog/2010/06/30/introduction-to-real-estate-analysis-investing/