Not always, but very common. $550  / mth * 8 unit = $4,400 * 12 mths = $ 52,800 GRI  ****not $53,800****The formula for CAP = NOI/PriceNOI = [GRI - V&C loss + OI] - EXP  *****You did not subtract for expenses to arrive at NOI nor include a vacancy and collection factor****Assuming expenses are 50% and 100% occupancy (which 100% occ is not realistic all the time).

From the conferences I have attended, all I have read I think 3x rent is more common but that doesn't mean your PM is wrong. 

The one thing most all of them have in common is they take longer than they say lol.

We do have a regional airport that provides connecting flights to Dallas but it is unreliable/expensive and they are unable to extend the runway to land  bigger commercial jets and don't have room to expand the common areas that would accommodate more customers.

I'd love to hear from fellow investors: What exit strategy do you commonly use, and what has worked best for you in today's market?

Those who do understand it aren’t struggling.Here’s the common flaw: people think a circumstance equals motivation.Foreclosure = motivatedTax lien = motivatedAbsentee owner = motivatedThat’s just not true.Motivation is an emotional response to a circumstance, not the circumstance itself.Let me give you an example.

Rate should not exceed 12.5% at most and more commonly about 11.75%.

Quote from @Clarissa Finks: Software is a common question on BiggerPockets.

These are all common pitfalls I see people when doing flips, BRRRRS or even multifamily.

Any tips on avoiding common mistakes?