In my opinion when looking for a buy and hold market, the Most important factor is your CAP rate and/or rent multiplier, whichever you chose to use for evaluation of cash flow. 

You want to compare apples to apples, not apples to bananas.Calculate what the SELLING COST PER SQUARE FOOT of each of your comps was (as opposed to the listing price per square foot), then multiply the square footage of your subject property by the AVERAGE cost per square foot of the comps.  

In a few years, you could be making bank if you can increase the rents because when you increase the rents you make hundreds of thousands of dollars in equity because rent increases automatically increases the value of the property.One way to get a rule of thumb value is to ask a real estate investor what the Gross Multiplier is for apartment buildings in the area.

Now multiply the number if piers by $250.  29x250 = $7,250.Now add $200 for permit & $400 for Engineer's letter (yes, both of these are required by the City).  200+400 = $600Total foundation price = $7,850.  

MF is a big beast and principles always look for investors- this will be expedited learning and you’ll earn too.Even if one has lot of money (million+) to invest, better to invest in multiple properties to help with diversification.Value add really helps to multiply money and in case of MF you can have partners manage it for you.. say you can onboard 2-3 partners with less cash contribution but commitment to manage reno and other things.. 

Other than the bank doesn't normally request that alone, it is also important to note that the numbers used in an income approach are often derived from the sales comparison comps, or other sold comps.The income approach section of a duplex appraisal form relies on the Gross Rent Multiplier.

I usually take my max purchase price, and multiply it by 85%, and that is my initial offer.5.

I'm new to Charlotte and looking for partners/ideas.If you had $100,000 to invest in the Carolinas passively and wanted to multiply it as quickly as possible, where would you invest it? 

Those are all great tactics, I love how number 1. takes the money you have have available and multiplies it exponentially to be used into other properties, super smart!

I’ve only heard of the LOC multiplied by assets for the flip lines from FoA, Corvest, etc.