I would run the numbers theu the calulator using real numbers based off current rents and use 50% for expenses. 

Lifelong Queens resident here and I was also invited to and attended the official Amazon NYC announcement at the Governor’s office on Tuesday - mind you, this was not a huge venue open to the general public; small room on the 38th Floor of his office with 50-60 movers and shakers intimately involved in the deal coming together plus the always entertaining New York press corps. - ProofHappy to share some perspective.

They return a 30-50% IRR which takes into account the time factor as well as the total return, not just the cash on cash holding return.Like you can buy an 800k$ property (cash to make it simple and leave out financing which just puts fuel on fire for returns)  then put in $200k in repairs. 

Hey guys,

First post on here. Just heard about BP from a buddy and soaking up as much information as I can.

I’m currently looking into Duplexes, Triplexes, and Fourplexes in the Niagara to Hamilton region in Ontario...

Regardless, I will go with the optimistic $850 for the initial discussion.Thus, total incoming rent = $3400 ($850*4)Net operating income per month =$ 3400 / 2 = $1700 (Using the 50% rule here.

If you do take a loan from your 401k type account, investigate the repayment rules.

It’s a little less than our 1% rule.

They have been a great tenants for 3.5 years so we have only raised their rent $50 in that time (so they may be over 3x today).The median household income for a family of 4 in San Diego is $63.4K. 

Purchase price: $26,000 Cash invested: $26,000 Condo. 1 Br, 1 Bath. 546 sq ft, built in 1968Purchased $26,000 all cash.Cash Flow: $380https://www.zillow.com/homedetails/2241-W-Pensacola-St-APT-50-Tallahassee-FL-32304/69849950_zpid/ What made you interested in investing in this type of deal?

I will caution you on the short term rental... the city had issued a moratorium on any and all new licenses while they conduct a 9 month study, and then issue new rules and regulations for STRs.