I would get that information before buying it (cash or bank financed) because,it will allow you to see if the rent can cover your running expenses &financing (taxes, HOA, CDDs (Community Development District), repairfund(toilet broke, angry teen broke switch), Capital Expenditure (the roof was taken by"Humberto"), and, if it applies, mortgage payment).The leftover money is your Cashflow.Best of luck with your project !

My husband and I both work full-time and have 2 teens so there isn't a whole lot of extra time! 

I am in my mid forties, and am a husband, and father of three roudy teens. 

I shoot for mid teens or better.

With any decent RE investment, you should be seeing total return of mid teens or better.Your ability to get a mortgage will depend on many factors: income, DTI, credit score, etc.

I have a question related to one of the 2 investment properties left in our portfolio....here are what I would consider the relevant background details:- We are a family of 6 (me-46, husband-55, 4 tween/young teens) and we lost everything in 2008-10 including all we had for our retirement plans- We currently own 2 4-plexes; 13 yrs left on mortgages; very minimal cash flow now, but no out of pocket expenses either - Our plan has been to keep those 2 4-plexes knowing than when mortgages are paid off, the cash flow will at least keep us out of working at Walmart as senior citizens!

I have a question related to one of the 2 investment properties left in our portfolio....here are what I would consider the relevant background details:- We are a family of 6 (me-46, husband-55, 4 tween/young teens) and we lost everything in 2008-10 including all we had for our retirement plans- We currently own 2 4-plexes; 13 yrs left on mortgages; very minimal cash flow now, but no out of pocket expenses either - Our plan has been to keep those 2 4-plexes knowing than when mortgages are paid off, the cash flow will at least keep us out of working at Walmart as senior citizens!

It used to be a big deal when interest rates where in the teens (up to 18%, look it up!)

I recently saw some Class A MF in the teens on cap rate. 

I like to see at least $150/unit/month and a CoC ROI in the mid-teens or better.