IO think SLO, once you understand all the moving parts (and the what NOT to do's), is the easiest...and best way to get started. 

I posted this from the iOS app.

James Wise, Good gravy -- that tenant's a bad apple.

You can use the same formula, but a REI is more "mobile".Second mistake, is you are not comparing apples to apples in the overall comparison here. 

In our area, the largest employer Apple did not even have layoffs.

many threads on them.. they from what has been said require a 3k deposit up front with no gurantee of funding.so its not no money down.. plus I think you have to front rehab and get reimbursed so you need money for that so once you start adding this all up.. you may want to talk to local HML s as well. just to compare the real apples to apples.the biggest complaint I have heard is people pay the 3k and can never find a deal good enough to get through their underwriting and just lose the money.. they do for the 3k though send you some how to books and tapes I think but you can buy that stuff on E bay for 50 bucks.

I don't want to muddy the thread with a debate between SFH and MFH but compare apples to apples if you're going to make the comparison.

But in the middle of all of the bad apples there are some legitimate and honest wholesalers out there.Good luck brother :)

Because it's so simple to get into, we get some bad apples (probably a lot of bad apples). 

I actually lol every single time I read this under experienceRegardless, the IRR is dependent on many factors including: purchase price, exit price (this factor is the biggest contributor to IRR), rent growth strength, ability to re-position, debt terms - LTV, rate, term, IO years, amortization yearsArticles you might find useful:The Inside Track to Vetting A Multifamily Deal SponsorDeal Screening Checklist for Passive Multifamily InvestorsFocus on developing relationships with the right syndicators (full disclosure: I am one) with the right background/experience working with the right teams.