In short, even taking on a substantial handicap simply for illustrative purposes, our returns are still up near 20%.

Define your criteria for a "great deal": e.g. 3/2/2 1500-1700 sqft, rents for $1500+, "all-in" cost $120K, 20% cash on cash, $20K equity capture, $20K out of pocket (all numbers are for illustration only)2.

©The Hill Illustration

If you spend enough time in the desert you'll meet everyone you need to know.We illustrated the return for selling the land versus developing it as follows - https://www.figma.com/proto/wOK9q9vwWufpqYfGc6EgE5/Proper-Development?

Can you please illustrate and elaborate.  

Living in NYC, even in cheap neighborhoods will always be expensive and will continue to climb.To Graphically illustrate what happened to the Rentals of my building, here is a Chart which shows what the rental increases would have been, taking into consideration that the Apts rented for $600 in 2000 and wound up at $1,800 in the year 2016.I extended the years so that we can see what the future Rent could be like if the same Rental Increases continue at the same pace.

Really, there is so much you can learn from doing the same due diligence that the Mortgage Banks and Landlords do if you applied it to your Instructor.To illustrate my case further, there was a Cashflow Group that I attended in my earlier days when I was bored not having peers to talk to.

My rough illustration of those numbers is a way to use the MLS to find areas in the city that have turn key properties for $300k and below.

Sarcasm certainly wasn't my intent...My intent was to illustrate that the answer to your question is generally yes, you can probably prepare and efile a partnership return on your own as a layperson. 

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350Insurance = $100Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250Insurance = $100Association Dues = $25Total PITIA = $1875Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23Lender terms and fees vary widely.