Ok fair enough - Forget the counterfactual. 

Hello members !I have a 3 BDR one bath  house in Maple Heights Ohio that I am considering renting to section 8 tenant .CMHA chart for the house zip code showing a max rent of around $2000 for 3 bedroom.I know market r...

Good day everyone, I am fairly new to multifamily real estate investment and learning this trade.

Quote from @Patrick Shep: if you’re figuring out the land value for depreciation purposes, can I use the Fair market value for the land? 

Scott's book in 2020 or 2021 and found the estimate sheet to be fairly close to what I was paying at that time.  

You can also look at creative financing/subto or owner finance as an option and finally there are DSCR options that will allow you to go up to 85% of purchase (but there is a fairly severe interest rate penalty), so I'd recommend staying in the 70-80% range.

I do my fair share of $300k-$700k sales here in Los Angeles don't get me wrong, but my easy math brain loves using the even numbers for examples!

You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.

Going rate around here in Seattle would be about 7k.  11k is too much, I suggest you get a bunch more quotes. 

I know some investors would give less time, but I have found it easier to work with tenants when you are fair.