None of my properties do, and the capital tied up in them continues to perform just fine.That said, it's more difficult to find a property locally where the free cash flow is better than, say, the dividend income thrown off by investing in a Blue Chip dividend mutual fund.If you're looking at small Multifamily properties locally and want a first pass "rule," I suggest using a GRM target of 12-14 as a first screen, assuming you're looking for a property that will throw off free cash flow with a 70% leveraged mortgage.If you want to more than basic long term buy it and hold it, you can do it.  

I would still recommend running credit, criminal and eviction and being specific about your screening criteria.  

If you are pre approved after you run the numbers, and or view a specific property, you can speak with your agent and begin to make offers.. 

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It is 1,225 square feet with a canal view.

"The movie pit" movie should be required viewing for all.... : )

@Komal PatelI consider it a "consultation" to view a property that the investor does not [yet] own and I typically charge $100. for my time.  

Given the evictions, I would definitely screen very thoroughly and check everything.  

I would call the lesser qualified tenant and tell her that you had received the other very strong application first and see if she still wants to risk her cash in the screening process.I often may receive several applications in a day and run the screening that evening.

We're going to start viewing properties soon and want to be in a position to make an offer.