But if I’m paying cash and the initial loan is covered, do I make the same calculations for each additional purchase?

I am using most of the same numbers for all of this in my initial analysis as I want to be very conservative with my numbers. 10% for property management, a higher amount for insurance (depending if the property is in a flood zone I will add more) and maybe $150 in utilities that I would have to pay month to month.

@Jonathan ShnoravorianI use a combination of the following for initial review of an area:City dataWorld population reviewNiche Crime heat maps available on Realtor.comLocal area police departments.

@Mulugeta Berhe Good initiative. you will learn a lot and will meet tremendous folks, which will lead to create opportunities. if interested in Commercial Multifamilies I would highly recommend reaching out to the following gentlemen @Hendra Tambunan @Christian Bowen @Vinay Ari; 

To answer your question, I am initially trying to buy a 2-4 unit multi-family that is ready to go and financing with a VA loan.

Loopnet & Crexi are best used as sources for contacts & initial relationships with brokers, so you can build a list of broker names on those sites and go from there!

A go to initial analysis for a lot of flippers is the 70% rule.

Initially I was coming in under a close though as a single family home, but they had to change that because it was a manufactured home, which increased the closing costs, beyond my ability to pay them for the loan.

It's money that you were initially hoping to be covered by the loan, but the bank is unwilling to cover now due to a lower appraisal.

These operational expenses are eating away at the projected cash-flow.My strategy was initially long-term by and hold, but after looking at 2-3 units selling for nearly the same price and a 4 unit listed for $575k, selling it seems tempting.