What I've experienced though is that it is WTF harder to find and execute on a good deal with a multi in that size.  

I also joined another site this week that suppose to have privet money when I hit the get finance button I got a finance co and was looking at 11% and 3 1/2 points and minimum loan is 75,000 project I'm looking at right now don't need that much 45k to get the property  since have to do sight unseen its a re-po out side looks good lawn is still kept and siding is in great shape and roof is newer over sized garage in back yard is only a few years old so not expecting more than 15 to 20k on the rehab so looking at 65k for the whole project it last appraised at 133,833 last sold in 2001 at 80k  figured to list for 90k when done he asked why I would work on that low end of a project?  

It would depend on age, size, and condition but 24,500 is still kinda high.

@Jason Rector,My answer would be that you can rail against the system or make it work to your advantage.Depending on your skills as a negotiator, your portfolio may eventually reach the size where you can negotiate a fee based structure rather than percentages.

Whether your exchange is $100,000 or $1 million, DST investments can be sized to fit your exchange.

He owes 167K on the house.Bedrooms: 4 | Bathrooms: 3 | Finished sq ft: 1,764  | Lot size sq ft: 11,775 | Year built: 1952  Tax assessment: $167,100 | Last sold date: 08/22/2007 | Last sold price: $195,000.

We have one loan currently under hard money but need to move over to a portfolio so to increase in size.  

If you are the same size next year, you have a template to follow to prepare your return yourself.  

Typically Replacement Cost coverage breaks down to a dollars per square foot calculation for the size, type of construction, and location of the property.

I know this can very depending on the size of the property.