My $.02, you may need to up your maintenance assumption for B-C properties of that vintage, especially if not recently renovated.

The site also has 2 vintage airstreams, a restored 1945 dairy barn, and a number of other unique lodging options.  

-Main streets (like Dorchester Ave for example) are slower to improve, but the side streets might have gems.

I have seen some real gems of duplexes go through that website that you would cashflow $200 per door easy if you ever moved out, plus they are in decent neighborhoods, and they are about 20% below market value. 

But then there are the gems...

If you are talking about say an 8-unit complex in an above average neighborhood, with good quality tenants and say 70's vintage product, I would say cap rates of 7.0% to 8.0% are a reasonable expectation, based on stabilized income and expenses and inplace rentroll including reserves expense of say $200 to $300 per unit.  

Hey Everyone I just want to start off by saying Thank you for all the gems you guys drop in your podcast.I'm a investor/ wholesaler living out in Fort Lauderdale FL which is my market.Astro Flipping Student.

Investment Info:

Office Space commercial investment investment.

Purchase price: $200,000

Cash invested: $30,000

I had the opportunity to invest in a commercial property. I own 15% of the property an...

I'm in the middle of my first rehab that doesn't involve me living in it...unless I'm at the house working after 10pm.I've completed and documented some vintage motorcycle builds on other sites in the same way that this is going down.  

don't forget to reference this gem on tenant screening first: http://www.biggerpockets.com/renewsblog/2013/01/27/tenant-screening/