I usually use the "1% rule" method by taking monthly rent rate divided by purchase price (per door) - so for my deal we are looking at $600/mo and $37.5k/door,  which would give us a 1.6% ratio under my method and a 19% ratio under your method, which is pretty good in a pretty hot Bham multifamily market.

I can tell you the market is currently hot here with appreciating areas all around town.

This has never been common and it’s even less common today because the Mexican real estate market is red hot in the most popular places.Beware of what I call fake developer financing.

So not smoking hot deals.

The market in Atlanta for multi's does seem very hot.

I got a hot lead by driving for dollars and am meeting with her this Tuesday.

The FIRE movement was really hot, no pun intended, early this year and I have not heard much about it.  

We are in a hot market, where homes sell before officially listing, or after being on the market for a few days.

Seek a software too that will help me identify hot areas in any state I should be buying 2-4 properties. 

Of course there are other expenses like pest control, etc but as far as things that would normally be repair/maintenance, like plumbing parts to replace a leaking hot water heater hose, are now capex because they are part of a brand new hot water heater install or a bathroom remodel?