So in my opinion, it is not an apples to apples comparison.

Is it in Apple Valley?

I've had a few bad apples.

That would be at a 1.4% ratio.Assuming 100% financing for apples to apples, your NOI based on 50% expense ratio leaves you $700 and the loan payment based on 4% is $477.42, leaving you $222.58 monthly cash flow.

.$350 might be a little on the low end so depending on the house type (built in 90's yes, built in 50's no), the equity capture, etc, I might pass on $350 or I might say yes to $350.But I just think that a buy and hold investor needs to be most concerned with cash flow and this should give you a solid way to compare apples to apples.Here's one example of a deal I just closed on two months ago that isn't really a great house but it is a great cash flow house.3/2 ,1450 sq ft but a much older home (50's).

Now I know why.Shop around for insurance - I shopped three places and found one with apples for apples for 27% less.Message me if you want to talk -

Comparing apples to apples you should comp a rooming house with other rooming house and not apts.And you should also check zoning to make sure that it is a permitted use.

.There is new construction but it's more of an apples to oranges in that the new construction is sided colonials and on this particular street the homes are ramblers or older style 2 stories, many of them brick.

@Curt Davis actually not, Cordova, Bartlett, and appling area are the areas I've been getting most of my deals for typically in the 44-64k range selling them off for 70-82k to local investors and 90-93% of the market value to the private equity companies.

I agree with Dion, I'd not enter into a JV with others, your entire operation could be at risk arising from a few bad apples and in the wholesale, most lack experience and knowledge, if they were more "on top" of RE, they wouldn't be wholesaling deals but buying and selling and doing retail transactions to obtain a higher prices and profits.