Anyway, do you know if part time employment counts toward the two year benchmark?

It provides extremely granular data including owner bookings, RevPAR, community benchmarking and much more.

1% rule is a good benchmark, but property taxes should be heavily weighed. 

I have also seen the majority of multis come with good mechanicals which is always a large part of the rehab needed in these types of properties.I agree completely with @Ross Yeager in his numbers for SFH and multis as a good benchmark to shoot for.

The benchmark include : utils tax insurance repairs maintenance management.  

I'm definitely using this as I go into this...I like how you use your birthday as a benchmark to work off of.

Although we've done reverse exchanges successfully for decades, the IRS finally officially acknowledged their existence and gave some guidance to them in Rev Proc 2000 - 37.This ruling has some specific format and timeline benchmarks in order to take advantage of the IRS offered "safe harbor" for reverse exchanges.  

Just because something appears to be working doesnt mean it is until we have history and benchmarks.

It does not have to be 100% perfect when you buy but in this way, you can see which way the pendulum will swing and put stipulations in any written agreement you make with the current owner that certain benchmarks will be met before you buy (such as putting a lease into place with the current tenants or, in the event they won't sigh, evicting them).

Once you have that established you have a benchmark of what you're looking for and how you can grade tenant applicants.