@Bryan TasumiTo further the conversation that seems to be going awry for some of the posters in this thread, the math is the math, whether or not they accept it or understand it.Also, Cash Flow is only one of 4 ways of making money in Real Estate.The other 3 are Appreciation, Mortgage Reduction and Tax Savings.One of the best books that you can possibly read which is not on the best seller's list because it's ALL about the MATH is What Every Real Estate Investor Needs to Know About Cash FlowA study of the above book will help you to understand that if you value ONLY cash flow then you will not EVER want your investments to be purchased where the Cash Flow is not a large positive amount.HOWEVER, if you try to understand the other 3 ways of making money in Real Estate, then you will have other metrics that can offset an Investment that is either Negative or Break Even Cash Flow.The reality is that for the 3 Scenarios, there is not enough information to determine if the single property is good or not.We only know a few things including the Purchase Price, Rents and Expenses and also the way it was financed.What most people are making an assumption is that the First Year's Calculation is the same for the ENTIRE time you own the property.What is unknown is how to workout any kind of future appreciation rates in both Rental And Expenses so that you can determine the Future NOI.Based on the Future NOI, you can then work out the Value of the Property by using the neighborhood Cap Rate = NOI/Purchase Price.I have know plenty of Investors who chose to live in NYC only to find themselves priced out because they failed to understand that you need to calculate not only the 1st year Cash Flows but at least the next 10 year cash flows.As an example, in the year 2000, I bought a 2 Family building for $140k, 15% down or $21k, $7k in closing costs. 

I consider both but give more weight to the score than the reason behind it.

So you will have the same issues as a 4 plex, but now you will deal with even more tenant on tenant issues like a tenant complaining that another doesn't pick up their clothes or clean the dishes or pull their weight or whatever. 

So for instance, the deal with expenses from mgmt company, i did get the sale price way way down to an 8% cap but it needed $150k in flooring, a/c's, vanities, appliances etc,etc.So does conventional wisdom, ask for price reductions, or just be happy with the 8 cap and make 0$ for the first 3 years?

I do not want a price reduction, as the negotiated price will appraise, but rather receive a credit at closing which will use towards a few improvements. 

.” • Perform Full Risk Reduction Measures (lead hazard treatments)in the property and get a Risk Reduction Certificate, and giveyou a copy of the certificate before you move in.

I've done a rent reduction for it which is spelled out in the lease as part of the special conditions. 

I'm venturing out into wholesaling and as you folks mention, looking to stand out from some (not all) wholesalers who are not really worth their weight.  

I'm a newbie, so perhaps my opinion doesn't carry the weight of the rock stars. 

The 50% reduction while admirable it most certainly won't cut it in that region of the country given the tenant centric laws and authorities in Maryland, especially those in Baltimore City & Baltimore County.