Have to dig into each property specifically to really know what you're getting and make sure the back of napkin math works.Other markets to peak into if you like up-and-comers: Hickory, Burlington/Mebane/Graham, Gastonia.

Sure you can find cheap napkins on Amazon or a set of pads for a 73 Mustang on ebay.

In similar circumstance, we would have unit's like this inspected, inspector would write out order that unit must be in clean and sanitary condition and would give a week for tenant to comply and scheduled a come back visit.

Any back of the napkin math for monthly income taking vacancy into consideration?

Its almost like Donald Draper from Mad Men with his million cocktail napkins of ad ideas he jots down.

But if you want to compare the returns to the value of the properties for cap rates or cash-on-cash, the above article (and napkin) works.

That's civic and political leaders who should try to lessen those risks.It's a landlords job to provide a sanitary, acceptable place to live.

Is there a back-of-the-napkin calculation for insurance quotes for small (2-4) multifamily properties?

I have this statement in the lease "tenant will, at its sole expense, keep and maintain the premises and appurtenances in good and sanitary condition and repair during the term of this agreement".

The terms state the tenant is responsible to keep grounds sanitary and clean and if they don't I have the rite to evict as far as I understand it.Yes the PM really messed up by letting it go to the point of the township getting involved...I plan on getting rid of them once this is resolved...In NJ I also legally have to offer a new lease in February which is crazy IMO.