Hi all,I am in the process of buying an owner occupied multifamily (3 unit to be precise in Newark).

The standard practice and the most precise would be to use the county's assessed value which is what the IRS sees on reported docs anyways.

"Revenue" and "NOI" need to be precisely defined terms for any of the math to make sense.

If you want to send me a PM I could give you better info knowing more precise locations.

My initial thought is to just save save save but I think it would also be good to jump in with something even if it doesn't align with my precise buy-and-hold rental goals.

And your second comment is precisely why I asked my question, to get a great idea like putting our trade name on google maps. 

At the end of each year you can plug your net cash flows into an IRR chart to figure out what your return has been.For tax purposes your accountant may look at it differently.Hope that helps!

Yes, seems funny that 7% is high but considering house prices and wages lagging behind all other high costs there is no wonder why housing is not affordable to the average wage earner.One thing the chart does not consider is that todays homes are easily twice the size of 1960's houses.

@Scott MacHi Scott- I should have been more precise- there were several trees in front of the building blocking the entire building and address- and  pathways- they said it was a safety hazard on the pathways- we could have put a very temporary bandaid and just trimmed them down at back- but then we would have had to deal with them again- since then I’ve learned to use more cheap temporary fixes on things that don’t pose a major safety issueHad to fix several other things too- lots of little things such as paint peeling on bathtubs, oven hood not working, etc..This was week one of owning it- silly me thinking we would take care of things that were super serious thoroughly- just to have more things pop up that were more urgent soon after - 

With incredible precision from the Fed, it is possible.