Hey @Tempest Byrd - I ironically went to high school with a Tempest Rouge, I love that name!

There's a high multifamily inventory in Essex, Passaic, and Hudson counties.

Hi, I would highly recommend reaching out to @Michael H.

Typically $2m+ homes don't cashflow due to high taxes, high insurance rates, and low rental demand. 

To me this means a 2-3 bd single family home in a high B / A area and saving a big emergency fund.

The purchase price, construction/labor costs, and ARV are all higher here in California than most states so I already have a high tolerance for risk and have the necessary liquidity to scale. 

If you are too high, market rate customers will ignore you. 

That’s why the rate is so high. 

If you believe the new assessment is too high, you can file an appeal.

Based on those numbers, yes CoC return is "accurate" but I wouldn't say it's "reasonable"...in fact, it seems VERY high.