I typically multiply Gross Income by 40%-45% for the expenses to be on the super conservative side.

So as to clarify a bit, we have access to money sources, but said sources will need to multiply over time so as to as to allow for growth.  

Currently I own a 1 unit condominium rental property and would like to multiply the success with that unit to build income on my road to self sustainability.  

Whatever your cash flow is, multiply by 12 and divide by total cost of your investment (down payment, carpet, appliances, paint, your time converted in money).

Calculate the tax rate, then multiply it by your offer price to get your expected annual taxes, then divide by 12 to get monthly.Even though it’s escrowed, you’re still paying it, so include it.2.

My question is Should I refinance and use the cash for the BRRRR strategy and be patient until I find a property or should I buy multiply turn key properties and spread the cash out by just putting the down payments and the start mortgage ???   

So, 3,600 / .02 = $180,000 maximum acquisition cost.As an alternative, you can multiply the gross rents by 50, that is the same as dividing by .02.So, with the numbers you gave, $180,000 minus repairs would be the most you could pay for the property.

We developed a scorecard to rate properties:•Property has the potential to rent for $1000•Minimum Cash flow of $300 per month•Cash on Cash Return => 15%•Max Initial Investment Price $60,000•Gross Rent Multiplier 5•0perating Expenses 45% +-2% of GR•Property Taxes =<25% of Gross Rent•10 year value possible $100,000Only two of the five properties met most of the desired criteria.

Like in my area, I'm sure that your "assessed value" is just a derivative of the cash value of the property, and its only purpose is for computing the property taxes by being multiplied by a "millage rate" or some similar tax rate.

there are average market prices of course so if on average say apts go for 40k/unit in some area, well then if someone is wondering how much there property is worth, they can multiply the number of units in their property by 40k and come up with a number. so they are more then likely to get that amount for their property.