Same principle applies to rehabbed houses...The other thing to consider is that the $50K house you used in your example (where you did $25K in rehab) may not have been attainable at $50K by your average homeowner (so, it's not really worth $50K).

It looks a little difficult to attain here in the metro.

Again, his terms are attainable through local banks, but I am not aware of HMLs in that range.I draw the distinction because financing through a bank and through a hard money lender are not interchangeable processes for many borrwers.

I, personally, don't know anybody that invests in real estate yet (all of the RE investing knowledge I've attained has been strictly through books, YouTube, and BP), so it's pretty cool that I'm able to gather this first hand insight that I wouldn't be able to otherwise.Uton, welcome man!

It is very difficult to attain the 1% rule while investing in Southern Ontario and the rent yields south of the border seem to be much more appealing.

They are measurable and attainable.  

That It's a good way to gauge if the cap rate I want to attain is unreasonable and to gauge what a fair price would be based on it's operations and see if I'm getting a good deal or not based on the current trends. and whether my offer would be considered low-ball, fair, or too high. 

This is what strikes me as odd..If all 398 units 100% occupied can do $2.4 Million and expenses are $1.4...this appears you can't buy it even at $8M...your debt service for $8m will eat up much of the $1.4.. which can't be attained, since complexes normally aren't 100% occupied..If you are at 90% like the rest of the market, then adjusted 10% less is closer to $1.2..for best case scenario...Will some of the expenses go up as you get more tenants.

I am planning ahead for 2018 and am curious to know what everyone thinks is an attainable number of flips to complete in a year. 

The goal was attain and we follow the guidelines.Moving ForwardFor now, we are researching houses in the counties of Polk, Lake, Osceola and Orange.