I E 40 to 70 bucks a foot to buy one.. can't barely build them for that including land and soft and hard costs.

Triplex - revenue (rents) - operating expenses (opex) = Net operating income divided by cap rate for comparable apartments = value - cost to build (hard/construction costs + soft costs + development impact fees + misc (less credit for fee per above) = profit generated Two ways to compare (really three but we'll leave out IRR for now)A.

Dallas Bass at $180K I'd like to see $2,200 - $2,400 +/- in gross rents.

SOFT/ELECTRONIC copes?  

@Emily Garcia,Hopefully you will be traveling the world like me in a few years when you make all your money on real estate ;) By the time you're graduating, the market should be soft again!

But don't forget to account for all the soft costs (design, permits, engineering, holding costs, interest expense, insurance, RE Commissions, etc). 

If you have a relationship with a title company you could maybe have them do a soft search and see if there's a bunch of seconds listed.

Other items to look at include: hot water heater, plumbing, electrical, roof, siding, and the sub floor (look for soft spots).Hope that helps! 

My understanding is that these are soft pulls since no new credit is being asked for, but I wanted to confirm,Thanks in advance for any replies.

If not, it sounds like the house was simply built with a soft floor and the sponginess has always existed.