Highest sales on older duplex homes in Marion over the past 12 months are in the $130k-$140k range and they want $118k for the house.

If, while running your numbers, the returns are within range to your criteria, do not lower the expenses to "make it work", but just know that some months may be higher, some may be lower, and if you have the cash reserves to support a higher bill or unexpected repair, then the underwriting at least helps you mentally prepare ahead of time.Any calculator, based on the inputs from any noobie or seasoned professional, will NEVER be the same as your actual numbers.

Same boat as you as we weren't interested in miles so went with Capital One Spark Business. 1.5% cash back on all purchases, no annual fees, and have a ton of monthly promos that range from 3-10% cash back. 

Also what would be a reasonable price range for this type of project?

Our original and adjusted basis on each property falls in the $400s and the Cost Seg studies are being quoted in the mid-$2,000 range per property.

Therefore, even if I obtain a good value for the surface yield, it's possible that the Net Yield is unexpectedly low due to unexpected expenses.In Japan, the ideal yield varies depending on whether the property is new or used, the bank's interest rate at the time, and the real estate market conditions, but if the real yield on any property is 10% or more, the property is reasonably profitable and the cash flow is sufficient in many cases.

Keep this ***** growing, you'll stay busy and you'll own some of the best stuff you can in that monetary range.

Wondering if this is a normal range for about 50 single family portfolio.

However, assuming the OP did get a bad deal, then a number of possibilities exist, ranging from Ohiocashflow sells overpriced crap to unknowing investors to EVERYONE has a lose once in awhile.  

So inventory would have to quadruple just to get into "normal" range.