@Joe Petkauskos  1st Best way is from experience. 2nd- second best is to ask a local Property Manger. 3rd Best way id to allow for $10% of gross collected rent to be R&MBut of course you need to take in account the age of your property and any differed maintenance.

On a single family, even an 8 unit, management fees in my area are 10% of gross revenue, leasing commissions range from 1/2 month to 1 month rent, so call that 6% of gross. 

A seemingly huge gross profit/rent-to-price ratio can be reduced significantly by an extremely high expense ration as the result of tenant behavior, vacancy, and completely unexpected "one-off" or "random" events, that somehow happen consistently.

Happy to chat about the CT market with you if you find NY isn't making sense for you. 100K out here can get you a 4-6 unit building bringing in 4-6K per month (gross). 

@Stephen Colaco The most basic definition is that an accredited investor is a natural person who has a gross income of $200k per year if single, $300k per year if married OR has a net worth of at least $1 Million excluding one's personal residence.

So if CASH FLOW is your goal, and it sounds like it is, I recommend you look for Class C to B- properties in the Mid-West.Keep in mind that properties will have operating expenses around 30-50% of gross potential rent. 

Gross business income will approach 300k, take home W2 check is about $2900 A week with about 4k in distributions a month.

Hi @Jack Amaral I think that's the yearly gross rent, you want the monthly rent / purchase price to run the 1% calculation.  

The best thing to do is analyze your market and determine the gross rent multiple on existing properties and then determine what a new build will cost by talking with some builders and realtors and back into the numbers.

Purchase price: $360,000 Cash invested: $80,000 Fully occupied 2 family, grossing $4,000 per month and located in PBD zone.