It appears the units are below market, however with some cosmetic repairs and perhaps some capex's I feel I could increase the rent by at minimum (based on local comps) 68%.I would offer 85% of list and estimated $20,000 in repairs/upgrades (this is probably a generous estimate - the property appears to be in good shape, basically needs a face lift).With all these figures, including the 50% rule, financing with 20% down @ 3.5%, I come out to a profit of $262 per unit and a cash-on-cash return of 9.53%.So, does this seems reasonable?

Nice @kasankelleyI always try to calculate my repairs on a rental so the end result will bring me 20% return on my renovation money. 

But for the average Joe, we aren’t set to inherit tons of money from our family, we tried the stock market but we’ve ended up with average 7-8% returns, maybe some of us have great ideas, but we don’t have the connections and/or the network to adequately fund our business ventures.Raising money to purchase a home is relatively easy for the vast majority of people and in some cases can be shockingly affordable.

HOWEVER Zillow returns zero Fourplexes.

Comps are about $140,000 so there's a decent return, but it's not huge.

The cap rate is the return.

Different markets and providers and such will offer different price ranges, property types and styles, returns, etc.

My question is, what is a normal return that you want to see on a rental property??

I have excellent credit but I work overseas (i have tax returns but no w2s)-- would that be an issue? 

Sell it to the partner for $80,000 so the partnership makes a return.