The average time to flip a home is 6 months --again averages, but with a solid network and referral partner you can find incredible deals that are far less price than $250k (like $70 - $90k) and average profit potentials over double from the 20% average example, pending on extra hands provided for your daily research.

Was doing a short on it before and they gave payoffs of double the amount owed, cancelled the mtg once, reinstated it 6 mos later, and showed on her statement that the "lender paid expenses" in one year were $999k!

Double check those rent rates they are posting.

Maybe the roof blows off in a storm before the end of its service life and all of the roofers are charging double and triple rates, and if you don't replace it the rain will come in and destroy your ceilings and your renters will leave and you will not have anyone as a customer for your business because the interior is destroyed. 

If the interest rates are high (double digits)-think about paying it down faster. 

I'm trying to figure out how the seller is coming up with their figures.What would you pay for:Multifamily in a small town, low appreciation potential, 3 commercial storefront units and 10 apartments.  8 single bedroom and 2 double bedroom. 

I have 3 SFHs, one in a great suburb, Class A, which has appreciated (doubled in value in 10 years so not bad for the Midwest).

Double value, double rent per tenant.

Best of luck to you there, I hope you are able to double your rents in the near future and your property values go to the moon. 

Most of them are rated to survive in double digits, but when you to singles and negative it gets dicey real quick.