To give you an idea of how we approach it, we assume the worst-case scenario right from the start is 9-12 months of no rent, $5,000 in legal fees, and an additional $5,000 in expenses to deal with moving their stuff, putting it in storage, and dealing with health code violations or NOV's from the city during the process. 

If this were my deal the sale price on a triplex would likely be around $900k, so if I bought the land for $150k, and my build costs were about $500k, I would expect my interest and carrying costs to be about 10-12% of the total of that, so lets say $75k, for all in expenses of about $725k. 

For instance, using bank financing to buy in expensive places like California, Washington, New York or Illinois are really tough to cash flow.

Finding contractors in Florida after 2 hurricanes wont be easy or inexpensive 

A lot of issues are much easier and more inexpensive to resolve if you can easily go to the property.

Very inexpensive cost for return. 

@Basit Siddiqi Yes, there are selling costs associated with selling inexpensive and expensive homes.

BP is not an inexpensive place to market yourself with the Ad fee structure so agents and those that dont have large budgets could never afford it.. so the ( as its now called ) reverse trolling is the way these folks are trying to drum up bizz ?

Keep in mind that landlords in expensive markets aren't making an profit (cash-flow) on rent.

I have inexpensive but nice looking wood beds with separate heavy duty Zinus metal frames dropped in instead of the wood slats that came with them.