This traffic has definitely taken life out of the road.  

You can find a somewhat decent multi for around 60Kper unit maybe less if your willing to swing a hammer\ and rents are between 700-900 depending on location in the city and condition. 

I had to do that when i  started in the State a Year ago...Building a team I can trust  in the Cities I work in  had to be no I for me...Love my teams have visited most of them by now and am so happy with my choices  some are well on the way to becoming life long friends..ps even with spell check hate typing  love chatting and meeting new people

It's what's left over to service the debt after operating expenses have been paid.Another tip, sellers are generally more willing to finance when the property is in poor condition. 

My dream is to create a real estate company serving the housing needs of middle income population, but like everything in life, it is best to start with baby steps.I like the NYC metropolitan area because of its diversity, potential for growth and the fact that it behaves somewhat independently of the national economic trends.  

I would say C condition in a C area of town.  

And depending on the condition of the property, $1.85 per Sq.

In my area that can actually carry a premium if it's in good condition.

You have to condition the tenants to pay the rent.

I have reached out to life insurance companies but they do not touch deals this small (at least the ones I spoke with do not) they like to be at $5-10,000,000 minimum.