Somehow we got to a point where a group meets in secrecy to make key decisions that have huge impacts on all areas of our economy.

It'll be over-improved & as close to maintenance free as I can make it, and any tenant that wants to live there is going to be looked over very carefully before they get a key.

*Can anyone provide some solid, successfully traditional mathmatical formulas & some key strategic factors when analyzing first time multi-family properties?

If long term wealth is your goal then getting a property with 10% cash return may be fine when you add in equity gain and appreciation, that's a personal call.How much risk can you deal with, how much work do you want to put into it (in terms of rehab and management), and what type of returns do you want to get will be the key things that should guide where and how you invest your money.

The key is what your lease says about appliances.

These are the key factors you need to be sucessful in the model you propose.In addition, simultaneous closings (where you use your end buyer's funds to close your purchase transaction - using buyer C to close the A-B transaction) are very difficult at best these days due to the many law changes and the title companies not insuring the transactions or willing to perform such transaction.

OO's will want turn-key as will newbie investor's.

The key is to have a plan B and not fall in love with the property you're looking at.

Communication is key in times of crisis.

The key is the property had been on the market for 2 years at over 200k.