Residents will assume a personal ownership of their unit and have their own opinions, schedules, cleanliness standards and ideal ease of use of the space they rent each month.

If you are putting in mid-level finishes, such as laminate countertops, don't use a comp with high-end finishes such as quartz countertops.Step 5 - What you choose as your target acquisition cost formula depends on your and your business model and is not an industry standard. 

@Paul Lowder Great set up so far, and you're right, that 15% down for a duplex is pretty standard for a conventional loan. 

If you are a US citizen then there shouldn't be too many issues as it is standard non-owner occupied loan.

@Sean Thomas a standard conventional Fannie/Freddie primary home loan for a 2-4 unit is 15% down. 

SBA 10% down, conventional 25%.Will go higher than the 12 years, if the market is underserved and we can raise rents, or if there is land to expand.Most people use CAP rates, I'll let them chime in, with their financial targets.Involvement- you will need boots on the ground to service the facility. 

We've even had Section 8 tenants w/ 700+ credit scores- The checks keep rolling inIf a property is in a mobility area Section 8 will pay 13 months rent on a 12-month leaseWe don't have to reduce our standards to accept a tenant that uses a voucherNot a fan of this for social reasons but because we don't reduce our standards there are many good tenants who stay in the program for a long time and the checks keep rolling inCons of Section 8Section 8 administration is an example of how not to run a business.

We wont go back to a gold standard.

The best way to go about this is to go to the county websites and look at the how the schools are doing on the standardized test that are given.

If they are friends, roommates, dating, or whatever, then I have minimum qualification standards that each individual must meet.