But as a whole, recession does not automatically equate to collapse in the real estate market as many posts I've seen lately seem to assume. 

You are also going to do a lot more work.This is a fallacy that is often repeated on here where investors assume that because someone else is doing the work and then marking up the final product, doing the work themselves equates to savings.  

I would also recommend making sure you are accounting for vacancy and capex reserves in your projected cashflow.2) This is the vacancy reserve.  5% of gross monthly rent is typical and equates to turning the unit about every 2 years with 1 month down between tenants. 

I swear I will write a book one day about how doing the opposite of what she said made me millions.If you pull your own data, you're taking out of the equation the person who chose this as their career.

If you're looking to be active, I wouldn't say that SFR experience equates 100% efficiently to MF.

Another duplex near sold for 136k this month near it which equates to $74.73/sq.ft. 

I would hope hope commissions would come down to better equate the effort/comp ratio of normal humans.

Make sure to factor in selling costs into the equation.

This is equates to a contact on 1 in 5 leads or less assuming best case.

Then use a conservative ADR to complete the equation.