@Polat CaglayanI've never seen a formula but here is a general rule of thumb for multifamily:The class of an apartment refers to the quality of the building, which can be determined by a number of factors, including age, location, and condition: Class A: These are the highest quality apartments, typically built within the last 15 years.

And a lot of old school GCs may not have the ability to take a CC and may not care to learn how to...Main question is: why do you want to do this?

If you can shorten the window on the cash out refinance to the next purchase/refinance the rate is not really a factor.

On the other hand, I feel one of the main advantages of passive investments (via syndication/crowdfunding) is that I can hire a manager who has years more experience than I can ever hope to obtain myself.

Speed of building a portfolio (Cash-on-Cash return is a factor here)?

And this low demand could be a couple of factors, either a rural location with low population density or the area incomes are not high enough in order to prevent a rent burdened scenario. 

Mainly the "self sufficiency test". 

Hey Urvesh, check the neighborhoods around Cleveland Clinic Fairview Hospital (44111 - Kamm's Corner), Cleveland Clinic Hillcrest Hospital (Mayfield Heights - 44124), and Cleveland Clinic Main Campus (Fairfax - 44195).

Podcasts are also great, bigger pockets podcast is one of the main reasons I'm into real estate.

Property Valuation:Investors look at a variety of factors to determine a property’s value, including comparable sales (comps), rental income potential, and location.