You should be using a real number based on the property, but for early evaluation purposes, I use 7-12% for multi-family properties, based on initial condition.

If your current income is low, just be extra careful when evaluating the repairs needed on fixer-uppers and you should be fine.  

You should still very much reap the benefits of leverage with your IRA, but would want to work with your CPA to run the numbers and evaluate the impact of this taxation on your returns.

I'm also now evaluating software like "Liverez", "StreamlineVRS" and "Kigo".

Hey Guys, I live in a college town and am evaluating a deal on 4/2 and a studio in a primarily college area.  

@Kevin Farrell We are evaluating our options as well. 

In this case, you'll split a profit of about $39k or 9.6% of the ARV.Either way, I strongly suggest you learn how to evaluate a flip, including all expenses (which the BP spreadsheet misses), not overpay, and not try to borrow every last dime.

Preferably someone who is a real estate investor him or herself and understands the criteria investors use for evaluation.  

At that point, a 100-unit property isn't much different in skills and experience needed.Regarding private investors, every investor needs to evaluate risk, not just return.  

The current landlord has minimum expenses, and is treating the billboard as traditional commercial real estate evaluation.