For example, if you are buying a refrigerator worth $100 for $60, you are paying at 60 cents on a dollar.I'm not sure if it can be used when also considering ARV and rehab costs since both can vary considerably based on how much you spend on a rehab and how lucky you are to find a buyer to pay so much more after the rehab.In terms of real estate, I would think it would mean the same run-down house might sell for 100k on the open market but you were able to acquire it for 65k then that is 65 on the dollar.

Their are other things to take into consideration, but this is a good start.

And also, I'm an industrial designer which is more fine arts based.... drawing and making prototypes by hand so not so much engineering (I do get that a lot though) so not exactly the same but I do relate with you in the risk averse area ;) Thank you so much for your help. 

If anyone also knows of anyone that's actively doing flips or rehabs in that area that would also be incredibly helpful as well.Thank you in advance for your time and consideration.

I took those into consideration, $7800 for the 6% about 7k in concessions or rehab.

While our no smoking rules have never been challenged, I'm quite confident the would be upheld.Now ... in Québec, things would be a little different as there is still considerable public tolerance of smoking.

Now what about if you are purchasing the property for considerably less than the current value?

Ours rose considerably after Sandy (albeit we did flood significantly). 

Lower-maintenance real estate ownership that draws on the experience I've mentioned above.  

If you can make it cash flow, give them 12% for 5 years, just don't pay too much or they will end up owning it again.I don't think there is an app for what you're asking, you may need to use some shoe leather as horrible as that may sound, it works.You can sure look for distressed properties and sales.....but another issue, if you don't have the money to buy, do you have the ability to repair, improve a complex, change it's reputation in the area, draw new tenants and make some trash pile profitable?