I'd say pricing going to be 70-150k range per door... wide range but again we're talking a big area here..

Here's the question: Is it a red flag if you find a city that has many multi-family listings that seem profitable, but has A LOT of listings city wide?

The reality is that it will take a lot of work and effort to be successful and he should go in with eyes wide open.Too many people see the 65-year-old REALTOR driving a brand new Mercedes and assume it must be easy.

In terms of rehab costs, they vary widely and you may end up needing much more than $20K. 

Going long distance is quite tricky as you are open to wide array of zip codes to choose from.

Definitely shop around - the variation in cost premiums is wide. 

But there isn't a lot of calculation involved, other than figuring out what your payments would be on different principal amounts, and any widely available online mortgage calculator can do this for you in two seconds. 

There are all types of visitors with wide ranges of budgets/desires coming into town for Derby. 

Now the tax assessments can vary widely, I’ve seen land value as low as 3% and as high as 65%!

Check out socketsite.comLuxury condos aren't doing hot in SF and there's some examples on that site that are interesting.I think the key here is that it's specific condos some of which were likely overpaid and now we're seeing true value but it's more of unique situation then city wide trend.