Has anyone every heard of analyzing a rental property by taking 26% (or 74% of the monthly rent) off the monthly rent and multiplying by 60 months to come up with an offer price?

Just some idea of how some of you were able to continue multiplying additional units within a decent amount of time.

@John Semanchuk Here's an exact tax rate breakdown by county (2015): http://www.sccounties.org/Data/Sites/1/media/publications/propertytax2015.pdfFor everyone not familiar, using John's house example in Richland county, school district one would be $200,000 x 6% = $12,000Then multiply the county and school district millage rate at a total of 0.4321 x $12,000 = $5,185 straight to the tax man.

@Kris Miller my two cents and a simple formula is 50% rule.So if the net revenue is $10225x 12 =122700 divided by 2 is $61350 (NOI)multiply by 10 (cap rate which is variable depending on the situation of the building) So the strike price would be $613350.

@Cedric Ballet I hear what your saying, although 800 dollars multiplied by a few dozen properties, annually, does add up.

A price of  a rental, as you know, is typically priced by taking the annual gross income and multiplying it by a gross rent multipler ( the nicer the area, the higher the multipler.)

It'd be only a $100-200 savings but multiply by 9 and you've got something pretty significant.

Multiply that by the number of rooms in each unit and add up the total.

The majority of your work as a small scale landlord is in the turnover and turnaround process (think re-prepping the unit, advertising, screening, onboarding the tenant, supervising move ins and move outs; then with short term rentals multiply that by 3 or 4 per year per unit.....!)

But unless you're genuinely kamaaina, your money will divide, not multiply.