At the contract price the property was a good deal, not a steal by any means, and if you take into account the work needed the returns would be just a fraction of what they would be as the property was presented.In a situation like this I know I was right to walk away, but I was made to feel wrong for even putting it under contract. 

When you assume 3% appreciation, and you pay all cash, a year later your investment is worth 3% more, as you have seen, and that is your return.But, when you finance, you only invest a fraction of the cost of the building, while you gain 100% of the appreciated value.

The percentage or multifamily homes in Orlando is fractional compared to other cities.

Most times you are buying these properties for just a fraction of their original worth.

Your P&I is unstated (it's some fraction of the $500 PITI), but let's assume it's $350.

I am looking at properties and there are a couple that have an open lot next door for a fraction of the cost of the property I want to buy. 

His tank insurance only covered a fraction of the cleanup costs.

But I can get pretty skilled labor for a fraction of wht they can get it for.

one bedroom apartments are taken mainly by transient men if you look at the rent rolls for that quad they're all one beds you will find that there's High turnover and partial pays another words some percentage of those four units don't pay the whole month's rent on time they pay fractions of it through the month look for eviction expenses that aren't reported turnover expenses that are understated replacing stolen appliances.a multi-family deal like this is priced as follows take the annual gross actual income not the potential income but actual income multiplied times .4 that represents a 60% expense ratio.

For example my house is a fraction of yours, both in size and quality, and I bought it for more than your current asking price lol.