Example 1 - I used to have extensive expertise of automotive repair facilities located in Harris County, Texas.  

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.

They can take time with their search and be more selective about a property’s location and condition.

I’m planning to do this for 3 multifamily properties all located in MA, each ranging from 2 to 4 units.

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

*Location Matters — Neighborhoods that have high demand, quality schools and close proximity to shops and services tend to draw buyers willing to pay a premium for a well-renovated house.

Where are you three located? 

And the most important thing LOCATION,LOCATION , LOCATION . 

If you have one by your location check them out.

@Chase AlexanderRecommend 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?