For multifamily properties, this is often around 40-50%, but it can vary depending on the property's condition, location, and age.- Analyze Comparable Properties: If you’re working in a specific market, reach out to other landlords or property managers with similar assets.

Where are you located?

Location and paying attention to Nathan's points above about the immediate area are more important.

If you have one by your location check them out.

Each one has been a step up as far as space, location, and lay-out.

Located about 1/2 mile from the base of Sabino Canyon recreation area and Coronado National Forest, beautiful mountain views, cut-de-sac, very nice neighborhood.  

@Christopher HeidrichRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Hi BiggerPockets Community,I could use some advice on a decision I’m grappling with regarding my rental property located South Charlotte area (Ballantyne area, in NC 28277).

The complex is gated, 10 mins from my work, and in a good location.

Is it because it's a 2 bedroom or is it because it's in a better location and looks better in online pictures.