You could even call a fee of them and ask what kind of income they anticipate each year and what conditions make for a good year vs. a bad year (to assess risk).  

However, the path of least resistance likely turns out to be much more rocky than we have anticipated.

I have read several books in the last year in anticipation for my first purchase.

I anticipate 1-2% appreciation due to improvements/ upgrades.

I know retail is hard and it's not uncommon to list for 12 mo or more to sell at a price much lower than anticipated.

The downsides I anticipate are lower demand, lower rents, less liquidity/harder to sell, difficulty getting contractors and handymen out there.

       ( MFH type of properties are something Ive been looking to get into)so on a 4plex for example im assuming a worst case scenario occupancy rate of 50%. although I only look at good areas with realistic rents and I anticipate over 90% being the actual, I am trying to look at worst case scenario to ensure i can cover the monthly carrying costs if for some reason I had a couple units vacant at the same time or any unforeseen happens. 

Glad you caught it.What was your anticipated ROI?

Things seem to be happening a lot faster than we anticipated, so we need to move quickly! 

Total development cost for each home is $162,250 (Including land and street cost for all 10 lots) Anticipated selling price of each home is $200,000 leaving a profit of $37,750 each home.