Then take the photos necessary and at that time, you may want to also have a cahs for keys agreement in hand and offer it to the occupants in front of the officer. if you make it worth the occupants while, most of the time they agree.Best way to calculate what a good CFK offer is is to take the going rent for that property and multiply by 3.

.$6 - You'll see a channel of prices... example range of High of $150 Per/sq to low of $75 this is the "channel"...take the high side price per sq and multiply by subject...

You can wait 6 months or a year to allow what the banks call a (seasoning) period, build a little more equity into the properties by paying it down and do a cash out refinance on both properties and get your 200k back to reinvest in another 2 properties and now you have 4 multifamily properties, and as you can see, you can scale up really quickly and multiply. 

This is after 10% management, 10% r&m, 8.5% vacancy, mortgage, current taxes multiplied by 1.2, current insurance multiplied by 1.2, any utilities im paying averaged for the year multiplied by 1.2.Normalization includes me doing any repairs or renovations such as replacing the 60 year old furnace or similar.

by the way all have the same bedrooms and bathrooms 3/2add all the homes sold divide by 3 and this is your average per square footthen multiple by subject property square footage and this is your MAOthis is also your technical ( by method of theory)  your After repair valueexample prop B ______$125,000prop C ______$130,000prop D ______$119,000==================                  $374,000 now divide by 3  ( $374,000) =$124,666.67++++++++++++++++++++++++++++++++++++amount per square footage125,000/1680 =$74.40 130,000/1120=$116.07119,000/1540=$77.27=================                      $267.74 /3= $89.25 is your average over all++++++++++++++++++++++++++++++++++++++now multiply 1400 sq ft   X $89.25= $124,947

Are you using a rule of thumb such as "multiply purchase cost by a percent"?

And you'll be gaining 9k a year in appreciation alone.Start multiplying that by 10 or 20 houses and I don't know that I'm going to care whether its making as much as it might in the stock market.Ultimately, most of us average people out here are never going to get ahead putting their money in a 401k.  

There are some variations of this rule, but generally:Rent-Financing=x amount.x amount multiplied by 50% will be your monthly exp, so basically half your cash flow.

There is more than 1 way to multiply your money for retirement.Long live BiggerPockets!!!

Just like the gross rent multiplier (GRM), however, it gets abused.