. - like Gino say, start small. you may need to be creative here if the numbers are really good, try and get sellers finance with Interest free time-frame or IO time-frame.

Obviously there are several issues at play here, as not everything is a true apples-to-apples comparison and it's quite possible that many of these units are rented to family or long term renters, but the discrepancies are off by often $700-1200/mo. 

That may be the monthly rent for houses and apartments in the area which would not be comparing apples to apples.

This time, IF we let you have another ride on the Ninja bike/ (i/o) loan, we need you to promise that you'll to respect the bike's power and not be a complete fool/ financial moron!

In this type of market, broker relationships are huge.We are still scratching our heads as to how some of these deals are trading at these numbers, and 3 yr I/O helps them.  

It's hard to get good apples-to-apples comparisons.So, for your question about whether $200/door is reasonable, it's hard to know without more information.  

For those who don't accept prepayment, all other tenant screening considerations aside (so it's apples to apples, no criminal history, etc.) my view is that one risk item (non-payment) is removed from the rental equation.

Appfolio is like Apple and PropertyWare is like a PC. 

It skews it a little bit when you are comparing apples to oranges due to future expected maintenance costs. 

Apples to apples if the same condo that is warrantable is selling for 500k I'm thinking this should be 470k - 475k.