So after speaking to my father it looks like we are dealing with 4 lots total. 

Hi all,This is my first post but I have a question. I dove into my first project back in April. I still have not decided if I should flip it or hold it. I like the area and believe there is a strong possibility of app...

Nothing against you Kin...just a newbie way of thinking, which is totally fine since it sounds like you're starting out.everyone has different goals and opinions but for me, the right time to buy MF is the time you have funds to buy. 

Check your PM contract to see if the contract allowed the PM to mark up your repairs (that could be part of the total cost).3.

   $4200/yr / $35,000 investment = 12% COC return - 12% is achievable if you know what your doing. )Then you quite simply need to divide the total required income by the monthly house income to determine how many houses you need: $41,000/ monthly income / 350/mo/house = 117 SFH'sI imagine your reaction is something like this:"Okay.

Hi BP Community, Total newbie here. 

Hi BP Community, Total newbie here. 

follow this model and in 10 years from now you can realistically own 20 units, cash flowing a total of $5,000 per month.

That makes total sense. 

If you buy at 7% or even 12% cap, but there is no appreciation, then your total returns will be much lower than a deal in a strong market/location with a 6% cap and if you were able to see it after 5-6 years at 5.5% cap.