Quick Rules for Evaluating Small Multifamily Rental Properties

[Nicholas Sheridan, Jr.]

Hello BP community,

It has been a while since I have been able to get back on my RE learning track (due to just graduating) but I am finally back! I am new to RE and interested in the strategy of buying and holding a small multifamily property. As I go through the Ultimate Beginner's Guide I have a question that I can't find the answer to that is related to the 2%, 50% and 70% quick rules of thumb. After checking out a couple forums it seems as though the 70% rule would be used mostly for house flipping. What are some quick rules that you would suggest help evaluate small multifamily properties?   

Thank you