The rent/price ratio was a rule of thumb created after the housing crisis as a way to compare the surface level of multiple deals.

I'm not sure because I don't have much construction knowledge to determine from the report how much the repairs might potentially cost but I do I see a lot of things flagged on the report some things I noticed were ...Roofing has ponding/roofshingles that are damaged, Termite Damaged was visible In the Framing Members, Due to the installation of finish surfaces, the slab is mostly inaccessible and could not be throughly inspected, Soffit damaged/rotted wooden siding trim had termite damage, Stucco siding had damagesections.

Paint is not going to stick to laminate without giving the surface some tooth first, @Mark S.

You have to get a loan for all of it so if things aren't as they seem on the surface, you could get screwed to the wall.The homes are nearing 100 years old.

Hi @Omer Bar,On the surface your message above has two questions - what neighborhoods?

On the surface this seems like a very profitable deal but how can I determine if the income for the convenience store is within reason without viewing the financials. 

This is just the surface of what it took to do this and I'm not even mentioning the incredible impacts of my team such as @Nick Velez , my insurance agent, my inspector, my contractors, and brokerage that all played a role into finding opportunity and capitalizing on it.

I had been using the Tramontina pans, but people always seem to use metal on them and the surface gets ruined in no time.

The good news is that you have a portfolio; so, have benefited from the huge increase in values and rents and artificially low rates...and have experience should opportunities surface. 

I am using it as you suggested to really compile the information I look for in deals and to be able to decipher between many deals that on the surface these days look so similar (everyone nearly has the same pref, IRR, equity multiple etc).