He was immediately on the phone with two neighbors accross the street with pickup trucks and yes he was out the same day, signed the agreement with keys returned and then I gave him the cash.For you, you could project the cost per day in rents not received multiplied by the amount of days he will be there with the court date & Sherriff serving the eviction and offer the tenant a percentage of that cash in his face and see if he takes the money and runs, freeing up the apartment.

Is 0.75 multiply against what is charged for rent for the month or is multiply to the cash flow I get after I subtract all expenses such as insurance, taxes, and paying the existing home mortgage?

Where it really adds up (multiplies) is with appreciation, depreciation, and mortgage pay down.

@Bryson Gilbert take the total sqft and multiply it by $35/ $40 ( this is how we do it in Texas).

@Jeegar Patel it's not exact, of course, but I usually just take the primary residence taxes and multiply them by 3.5 in Richland County where I buy my properties.

Through these two events plus and enormous rabbit hole tumble into real estate advise books like the ones on this website (thanks again Brandon) along with an avalanche of YouTube videos and other business self help books like “The 4-Hour Work Week” I’ve developed the confidence and put in place the systems to help pull the trigger on my first two buy and hold rental property deals.

But be carefull, loans tend to multiply when you do not control your financial sutiation and you will have to take more and more to close previous ones and you will end with almost nothing but only debts.

Leverage just multiplies gains or losses.So, I'd say, if they're good properties and you anticipate gains then consider it regardless of age.

It’s a percent calculation of assessed land and property value multiplied by the purchase price.

Original cost (maybe per the appliance company previously mentioned)Multiplied by (11/estimated useful life).You absorb the rest.