But when it is a quit claim deed for a dollar instead of actual consideration like you are suggesting, it is based on the Tax Assessed Value multiplied by the common level ratio of the county you are working in.

With Apts, the only buyers would of course be other investorsVery good consideration.

What are considerations when doing work yourself vs. buying a rental that has the equivalent of the total cost, as I've mentioned above?

Of course, if you love your house or really don't want to move or just don't want to rent or whatever, you have to take those intangibles into consideration as well.Another option you may have is to sell your current place, and then take a portion of the cash to put a down payment on a fixer that will be your primary residence.

With my one rental unit I currently have I would say this 50% is pretty accurate, however, that is without taking into consideration an emergency fund for unexpected cost($100 month).

Knowing the area and what companies own or produce what is an important consideration with larger areas.

I do not see myself getting into this until I see I have a considerable amount of money saved up for at least 3 months of continuous marketing and a staff trained on how to talk to the leads and process them.

Using the depreciation will bump your returns up a bit.There are non-cash consideration to gauge performance too.

He does have the risk of default and non-payment however, but that is taken into consideration when demanding the required yield.

Sounds like cash flow is not your main consideration but you want to insure that any investment is cash positive and more likely to appreciate.