Multiply that by .65 (subtracting 35% expenses) to get NOI = $10,920.

Don't start buying the cheapest thing you can find, you'll end up spending WAY more- especially in a MFH, you'll be multiplying your losses. 

Throughout this year they have been late on multiply occasions and I had to serve them many times to pay or quit.

.), I've been using the following two methods to quickly triage whether the numbers might work: (1) Use an Effective Rent Multiplier and then compare it to the price to see if it's in the ballpark.

Rental rates, gross rent multipliers, cap rates, demographics, etc)?

Even if you only had 15% equity, you can still get it refinanced and have a much smaller MI multiplier than if you had a higher LTV.

I keep it simple:What is the rent multiplier – price compared to rent as a percent.

Just like sellers and listing agents might assume an FHA buyer has a rock bottom FICO, they might also assume they are barely scraping together 3.5% down, since many do in fact multiply target sales price by 3.5% and save up exactly that much money, unaware of closing costs, that things break in homes after you buy them, etc."

Multiply by .8 and you'll know what 80% of market value is.

Multiply your total miles by $0.485.