It’s a combination of everything.Cap rate should be your metric to make sure you are getting a good deal for the comparable area.The cash flow has to be positive based on your financing and downpayment along with your expected vacancy rates, repairs, PM, Lawncare, insurance, taxes and any other expenses there are for your specific property.It’s all a risk versus reward balance and what you are willing to risk to gain your cash flow and equity.If you don’t mind sharing the numbers I’m sure a few would take a closer look.  

With your combined skills, one very good way to grow your portfolio can be simplified as buy 2, sell one, rinse and repeat.  

How can someone find a trust worthy business partner to combine resources and purchase properties together rather than a one-person show? 

So you could buy two $40K houses and get a blanket loan against the $80K combined value.Call around to local small banks and ask them if they do portfolio loans. 

His plan in 18 years is through a combination of: 1.

All three of these passions can be combined through real estate investing! 

I'd go with 15% combined.

Yes you may have to, is there anyway to combine the rehab costs in with the value of the property now?

I figure a combined 15% for CapEx and Repairs.What about water/sewer?

If it's two people (friends, married, dating, whatever) then I combine their income to verify they make 3x the rent.