The problem with inexpensive houses with high return, is the return is simply an expected return.

I think those are good numbers to use for expectations and calculating right now.

What's the standard in New Orleans i could expect?

.- 3-4 units still puts you in the residential category- 5 or more units is commercial residential and most lenders will expect you to have experience and will generally have more restrictions on the lending process- A 10+ cap rate in the Boston area will be extremely challenging to find unless you are planning on a massive value add or redevelopment- No idea what your personal financial situation, but a 3 family in Worcester versus a 20 unit requires a very different upfront financial commitment.

Interesting, I expect to move to El Paso, TX in early 2019 and I would like to purchase a 2-4 unit property.

They typically contest taxes all the time for property owners so tend to have some good info on what to expect.  

Also, what type of interest rate should I expect. 

It is located near downtown Durham NC and it seems every flip i see in the area has the kitchen relocated to the front, and seems to be the expectation around here.  

I am talking serious money especially if you do not expect this property to appreciate much in value over the near future.

That's interesting to hear, what is the time frame that she expects it to have a downturn?