I know too many folks who have been taken for a ride by bad or unethical property managers, unfortunately ethics are a bit hard to quantify upfront. 

I think you need to nail down the potential upside in rents for the 8 plex, as well as quantifying any added value you can capture by raising the NOI.

It's a hard thing to quantify or qualify, but perhaps your passion for the business is lacking.

That question is relative, and can't be quantified in a sentence.

.#5 Practice, Practice, PracticeWalkthrough potential rehab properties (or find properties virtually online) and practice creating detailed scopes of work, quantifying repairs and estimating rehab costs for the projects.

Questions, or measurables that I can quantify, are things like:i) cost per square footageii) no. bedroomsiii) distance from public transportWhat are other measurables around property purchases?

I like how you have both short-term and long-term goals, and your short term goal is quantifiable/measurable.

And I near to never hear it spoken of in open public forums like this yet, inside the world of Institutional/Professional REI it is the single most centric item we discuss, analyze, assess, quantify, weigh and measure. 

Other people on these forums would slit their wrists if the unit failed to provide enough free cash flow and they could care less about principal reduction and appreciation.The 5%/45%/50% figures I heard from Matt Faircloth here:  And Brandon Turner described expenses being about 50% for a rental property in this video, though he included vacancy as part of the 50%:And I agree that you can't lean on these percentages in making your final purchase evaluation; you have to have the final numbers quantified.

Makes working towards it easier and at least I can quantify it say when I get to this point I know I'll be in a good position to proceed!