Purchase price: $177,000 Cash invested: $68,000

Basically 7% of the purchase price in annual rent is what I look for.

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@Geoffrey Paugam- agreed ...if you are  needing to use financing to purchase - make sure to have a full loan pre approval in place  before searching / offering for a new place . 

Can I take out a hard money loan for the 43K plus the 40K rehab amount and have him owner finance the rest of the purchase price to me?

Purchase price: $640,000 Cash invested: $1,200,000 Turned a shuttered and rundown 13-unit waterfront motel into a brand new vacation destination with added lakefront "tiny homes", for a new total of 20-units with yearly gross over 500,000 and cashflow averaging $40k monthly.

I have not yet purchased any rental property and would like some insight on what the best way to go about this. 

(Sales price minus selling costs minus purchase price.) plus maybe 10% in state taxes. 

You want to consider both units of measurement when determining the durability and longevity of vinyl flooring.The better your wear layer the greater longevity of the product (which means less time down for repair or replacement).

Have you purchased or looked into any multi-family opportunities yet?