(ARV x .65) - repair costs, holding costs, etc = Max OfferStarted my career with this formula and if you can stay disciplined enough not to violate it there's plenty of readily available capital to borrow.Go get it dawg!

Population is exactly the same as it was when I was born and median income has stayed relatively stagnant. 

We are very much a "no pay, no stay" state.

(I would try to stay under a 2:1 debt/equity ratio, although this might be tough for new investors).

Depends on how long you plan on staying and what your financials look like.

Stay conservative with 10% for CapEx until you can have the property inspected.  

You will probably have to make ready 90% of these units when some one leaves.After doing my first couple deals I am a strong believer in staying really close to 20 units (or More) at a time give or take a little based on the deal.Remember you need a reserve account, and at the $1000/month you are probably looking at 4-5 months just to build that reserve account. 

@Ryan Chandrapaul You said this is your investment property and you need to stay in propertt for 1 year.

Generally i try and stay away from contracts and deal with straight purchases but given the condition of the house i do not have sufficient funding to buy the house outright.

I'm trying to stay ahead of the process by looking for a reputable and trusted home inspector now.