If you are S/E ( self employed ) for example you can always ADD back Deprecation/Amortization from your tax returns, in some cases you can ADD back 1 time expenses.  1 time expenses can be; purchased a company car, equipment, did a 1 time upgrade to your office and the list can go on. 

I'm starting to look in NW Indiana and SE Wisconsin.  

In fact, close to pulling the trigger per se.

Keep in mind that not every investor knows everything about every area and I would do my OWN research before heeding advice of one who says oh those are just the worst areas in all of MD, as was Capital Hill years ago....which is still SE DC. 

Unless you show up as a professional, no one will take you se seriously. 

The property is in outer SE Portland. 

Higher class properties with higher income tenants probably need less reserves than say someone who owns a bunch of D class properties where their tenants may be at risk of taking advantage of the eviction moratorium happening in many places.I wouldnt be afraid of ARMs per se. 

Data sources: https://www.macrotrends.net/ci... for population change and https://fred.stlouisfed.org/se... for unemploymentMy concerns about Vegas would be more related to its dependence on one industry.

For a SFR, you are  using a variety of data sources to get the comps for an area (such as market price per sqft) but with a multifamily, you are not necessarily looking at price per sqft  or "like" properties per se, rather you initially have to determine the rental price & cash flow per unit from which you can then work backwards to ascertain or derive value.Also, unless you have a property under contract, the opposite of attention is what you are typically looking for in regards any deal so you may want to learn as much about ARVs as you can -- fast!

So if the activity happens on the 10th, per se, I won't see rent from that tenant until the 1st or later, so essentially I lose cash for 3 -4 weeks to benefit the owner.