@Shital Thakkar In Japan, the rent ratio is generally quite low, since properties are inexpensive and yield is high.

But, somewhere between 40% to 50% in expenses (included taxes and insurance) is correct for most mutlifamily.  

You can probably buy very inexpensively and make money, but it definitely won't be easy money.

I suppose it depends in which part of Albany you'd consider living, but there are lots and lots of inexpensive properties across the entire region.  

This is a relatively inexpensive process.

I wish you well and if its not that old of a house and block it should be in-expensive to re-stucco. 

Like the old-school feel of excel :) 2) Keeps real estate transactions separate for tax purposes3) Easy to fill in expenses and income on a monthly basisIf anyone has any tips, or even an excel template they would be willing to share, that would be extremely helpful!

Lance Edwards, Dave Lindahl, and many others have inexpensive books on apartments you can start with. 

I purchased everything from inexpensive $30,000 properties on up to apartment buildings.

Hate to pass it up it's so inexpensive.