I am looking at a couple of multifamily's near my home town; would you mind sending me that file...would be wonderful to crunch numbers with on the fly.  

Just don't get emotional about it, do a thorough job of crunching all the numbers, then jump in.

Hey Everyone,I read J Scott's awesome article about deal analysis a few days ago on here, and I've been crunching numbers every since.I'm hoping some locals could give me a better idea of what numbers and percentages I should be using to calculate expenses.

I will be crunching the numbers tomorrow and hopefully calling the seller.

Understand 1-4 units vs 5+ MFU.1-4 units is financed just like a SFR and your personal finances and credit will dominate the loan process and can result in fixed or arm loans5+ is always considered commercial (aka rentals are a business :) ), your credit is not considered, the property and the rents are the basis of the loan and it is always an arm.Regardless, lean to crunch the numbers -- you need to be able to get a good estimate of the month cash flow. 

Have you crunched some numbers?

I kind of assume not everyone just crunches raw data on every property you are looking at, and the 'gut instinct' and knowing the area doesn't seem to work for out of state investors.

Thanks for the advice guys.Jon,It needs about $20k and I wanted to take a month off work to complete this rehab.I have crunched the numbers and it made a lot of sense to me.I just needed advice from seasoned professionals.Don I love your idea.....

In order to evaluate the profit potential, we would need to know:- Gross Rents and or Rental Income Potential- Net Operating ExpensesLet us know and one of us will crunch the numbers for you.Regards,Scott Miller

I wouldn't take a cap rate too seriously before you crunch all the numbers including contingencies for regular, scheduled, and extraordinary repairs.