I have come up with some estimated numbers that look like this, after it is renovated:$700 mo X 8 units X 12 months =       $5600 mo/$67,200 gross projected income$67,200.00 - the operational expenses of 35%   = $43,680 NOINOI/10.5% CAP = $416,000.00 $416,000 - $180,000 rehab *(being conservative and assuming all work so far, aside from new material not yet installed, is a loss due to unlicensed work). = $226,000.00 asking priceDoes that seem right?

There is lots of good material on the site.

If you invest in a tough market, what kind of strategy do you use?

All of the REIAs are great for early stage investors, but value becomes more difficult after that stage and learning to create value and a network beyond that is tough.  

Hello everyone, my name is Steven, I am currently new to the BiggerPocket.com member forums although I am not new to reading their material.

I would love for this to become a career for myself as I really enjoy taking on tasks and problem solving tough issues.

Agreed...it was a tough time to break-in.

I thought I had tough skin. 

I've seen some material mention that 2-4 unit homes are valued using comps and others say they're valued using the income.

Its the volume of the material used .