Then, never stop)).This is my assumption in this real estate game. 

Why would you not just wait until you have applicants for the unit before dealing with the lead.You are making the assumption that only tenants with children under the age of 6 are going to apply.

.- Annual expense estimate: $10,008 5% vacancy -  $537Property Taxes - $1,190 Insurance - $4305% Maintenance Reserve - $53710% CapEx - $1,074 (This is based on the assumption that extensive rehab costs ~$30k and lasts for 30 yrs.

There seems to be a lot of people here who follow crazy assumptions and rules and I wonder if they spend all their time on calculations and writing up offers that never get accepted. :)  

There are several other factors that you must consider to be able to analyze this deal:-What is the repair estimate -What is the after repair value of the house-What are your assumptions: maintenance, vacancies, property management, capex, insurance Once you have answers to all of these factors you can look at a deal and have a deeper understanding of the deal. 

This answer is based on my assumption that you mean there are 5 separate units. 

That would be nice though, and people can weigh in here to give you a better idea.At the same time you are already on the right track with your assumptions.

I would imagine that in an area with a lot of renters competing for your unit(s) that you would not have to provide any of it except maybe a soundproof wall and maybe a patio/balcony.And I guess the assumption is that this is a multi-unit apartment house as opposed to a single family rental.

., you will need, has a valid method by which a deal is analyzed, a reasonable assumption of repair costs, a full understanding of your needs/requirements and actual/total resale costs, and perhaps most importantly, you're going to want a broker who, when it's true, says, "This isn't a deal.  

Hi all,I'm practicing analyzing rental property deals (duplex or triplex) and am curious if my #s sound right, specifically in Philadelphia. I'm looking in West Philly (west of the universities)....would love feedback...