With this much leverage, your Debt Coverage Ratios can potentially get very thin, and multiplying this across an entire portfolio of properties financed in such a fashion, the risk is very high that a confluence of issues with the economy/rents, large capital repairs, high vacancies, etc., can bring down the house of cards and ruin your credit for a long time.Personally, I've not wanted to put on any financing where the DCR is below 1.75 (50% of Gross Rent, minus P&I), or where the indicated monthly cash flow is less than $175/mth on SFRs.

In your neighboring state of PA, if you did that you would be paying the real estate transfer tax on imputed fair market value (actually done by multiplying the tax assessed value by the state's fudge factor for the county, but that is just the technical way they get the market value).

If you get a contractors estimate, multiply it by 1.5.

Annual Projected Operating Data- APODEstimates cost, gross income, gross operating income, net income, cash on cash, cap rate, gross rent multiplier, etc. basically one sheet with all projected data.

I joined the other day, and pretty much instantly signed up to be Pro because, hey, $15 a month is something I'd multiply by 10 if I knew that my education were getting advanced by reading, if my colleague pool were growing due to spending time and energy cultivating it, and if my chances of say, getting a property here locally under contract and then shopping around for an investor interested in moderate return, were increased.

More the better.2) Throw out the low and the high properties then take the average of the 3 or more in the middle and multiply by 90% (little buffer) to get the After Repaired Value (ARV)3) Now that you have the ARV you will need to work on the repairs.

Kyle Zaylor is correct in saying it's like herding cats, because there are so many different agencies, departments, professionals, tradespeople that have to be dealt with, and if you run into any environmental concerns, it multiplies.

This is particularly valuable, because by accessing the MLS, an agent can find what similar properties actually rented for, as opposed to the asking rent, as well as other useful statistics such as days on market (DOM).Once you've got a good estimate, multiply by 12 to get your hypothetical maximum income, or gross rent (this assumes no vacancy - yet).Now you've got to figure out expenses.

Obviously those are monthly rents and gross monthly incomes being multiplied.

Look around that area.As Mehran said, out of the gate you should probably be looking for a 4 unit.To start, add up how much rent a place brings in per month, and multiply that by 12.