We have calculated what we need to retire on and multiplied that by 2, this is our "WHY" & our goal.

In my experience as a fix and flip broker and a rehabber, you should take the square footage and multiply by at least $60.00 per square foot in order to estimate the cost of rehab.

Multiply your business miles by the standard rate (e.g., 58 cents per mile for 2019) to calculate your deduction.Example: If you drove 6,700 business miles out of a total of 10,000 in 2018, your deduction would be $3,651.50.Actual Expense MethodUnder this method, you deduct a portion of actual vehicle expenses.

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.

@Justin Green  its funny in dirt deals... the sellers usually look at what lots are selling for then figure out they have X many and multiply that by full retail to come to their price.Just put Palmblad Meadows LLC in the mls search.. its in Gresham price 350 to 370k.27 homes 4 pre sold and 12 going vertical right now.. first closings mid dec  ( ya) 24 months from when we put it under contract.  

A lot of the Facebook groups that I'm in, have Buyers mainly searching for the cheap, boarded up (or burned up) properties to multiply their rental portfolio's. 

Find out what other similar properties in the immediate area are selling for and estimate an ARV (after repaired value)Multiply that times 70% Subtract guesstimated repair costs = most that you should offer (max that you ought to be willing to pay)Scrub (eliminate) the ones that are corporate or bank owned (you are not going to out- negotiate them).Just start talking to the owner(s), ask lots of questions, find a common ground and be patient.

Multifamily is valued on a gross rent multiplier. 

@Lexi TeifkeHypothetical...4 unit's $1,250/door gross rent monthly= $60,000 gross annual rent60,000 x .65 (total expenses multiplier) = $39K$39,000 - $27,000 (debt) = $12,000 net income12K / 12 mths = $1,000$1,000 / 4 doors = $250/door net

Newbie soon to be pulling the trigger on 2-4 unit's as soon as I find the deal for me. Was curious...not including debt, is 100% gross rent X's .65 to .60 = NOI a good calculation for all expenses? Thanks y'all.