If not, you may want to ask seller what the average utility bills and highest bill.

(Rule of thumb suggests that falling below 1% gross return per month makes it increasingly hard to cash flow positively on average, when borrowing to the max).A similar question: Are you getting a bargain* (compared to sold comps)?

We were probably averaging between $1000 and $1250 a month at our peak.

If the bill averages $200; you recoup your cost in 40 months.

Also, your average property manager tends to stay away from this group.Then for your numbers:-The cash on cash is pretty good-I would verify the dumpster, water & electricity via actual statements.

This can certainly happen from raising rents and adding profit centers to the property like storage units, but it is unlikely to keep pace with the 5% to 6% long-term average level of nominal appreciation for single-family properties.Further - Multifamily properties over 4 units require commercial financing, which is less attractive.

The best mileage tracking app I ever used shut down but could be highly integrated with Evernote but did not require Evernote.Selecting on the maps from the app provides minimal capability.Overall I am happy with the product but disappointed with their transition to paid service.  

I keep all my savings in my own personally managed portfolio on robinhood. investing in real estate investment trusts, I usually bring in 2-3% per month in growth not counting my average of 5-8% dividends. 

In order to make this work financially, I need the homes to be built (vertical construction) for a maximum average of $80,000 per unit (between $100-110 psqft).

My wife and I were making HH income of $160-190k in an average COL market (variable based on my bonus and her self-employment income which has increased from 45k to 60k over her first two years and is on track for at least 60k again in 2018.