Are you using the gross rent multiplier?   

I second what @David Thompson and @James K. have said.However, keep in mind that CoC and IRR can be "tweaked", so in general, we look for the following KPIs on a deal:CoC of 8% - 12% (for operating years)Avg IRR of 18% - 20% Multiplier of 2xTerm of 3 to 7 yrs

Basically you take the stated/projected monthly income and multiply it times 50% (.50) to get and estimated expense total.  

Multiply the bid factor by the assessed value in SDAT and that's the high bid premium.

From the CAP Rate & Gross Rent Multiplier and other LoopNet Info, I have a calculated:  Gross Operating Income, Expenses, NOI, Cash on Cash Return, Cash Flow, $/Door, Case Flow/Door, BE Occupancy %, Debt Coverage Ratio, Loan to Value, ect.   

Hello @Clayton Crawford :Many states/municipalities use a multiplier or millage to calculate taxes.  

When you multiply this times the number of deals you have going at the same time (1 per year), you are actually falling behind, more and more, with every new deal, until the very end of year 6 when you start to "inch" your way back to even.Reusing that same cash, over and over, means you are ahead from the first day...and increasing that positive income with every new "use" of those same funds.  

It would save them time and they could multiply their wealth.Instead, investor build relations with brokers who feed them probate cash deals at a discount, and even though its a bid process....they will make sure you get the deal, if they want you to.Go after vacant properties that have been sitting for 9 months with no income to the owner.

So I take the ratio of the bedroom to total square feet multiplied by the ratio of time it was out, then multiplied by her monthly rent.Came out to a measley sixty some odd bucks. 

Take the approximate age of all the systems when you purchase the property and multiply by the annualized expense for that item, and whalla, you have the initial amount you need to have in your CapEx reserve fund.