The metric (widely seen on BP) is rent percentage to all in cost.  

We've cast a very wide net looking from Salt Lake City all the way to Orem and just found a four-plex in Pleasant Grove that we've made an offer on.

You may want to check out 10BillionCash.com to learn more about how that works.And yet, regardless of your source of funding, always run numbers that work in your area (cap rates, vacancy rates, and all the rest can vary widely, depending on property location).  

We have found a 1976 single wide 2/2 that would cash flow well, and have money at the back end,  but will probably not qualify for any loan programs anywhere.  

Free coffee, and bring your own ink pen.... it's a great group,  wide variety of knowledge..

I bank at a bigger bank but it is not a nation wide bank just a 4 state area. 

Keep in mind, that prices vary widely depending on what area in or around Waco the house is located at.

The area I am looking at has such a wide variety of property type it's difficult to find anything that is similar builing, age, square footage.   

@Ann Bellamy  its pretty much industry wide if you want a healthy and long term run as a HML you don't give 100% loans to those just starting out .. or who have limited capital.... that was pre 08 and look were that got us  LOL

Now the information was great but I knew it would lead to more money  that we don't have, so after day one I began searching the web and I stumbled to this site and my eyes opened so wide and I love what I see.A little background, I've worked in the public sector for 30 years, but I cannot retire because Of my age, but I want to do something else and I want to leave our kids a legacy.