The last deal we looked at was sold at $100k, had an estimated rehab of $70k and it would easily achieve an ARV of $220k.

In doing so, he allowed me to watch, help, and learn from his mistakes, achievements, and  see the overall outcome over the past 12-ish years.

You will likely be going in much lower but upon execution of a solid business plan you can achieve these returns within a year or two for this size of asset depending on the in place lease terms.4.

What are you trying to achieve with your purchase?

In good areas and in a market like current one this is a daunting task to achieve unless you are lucky.3) What scares me that now you have to take all your equity, profit and also maintain the same level of loan and buy a new property at a high inflated price in a high market.

. ~$166,500 cash to close)Current rents are $1425 and $950 so present upside potential with existing long-term tenantsBeen on the market a long time because its overpriced (list was $535,000, now $495,000)A fairly turn-key property and i have a list of capital improvements including furnace, roof, paint and fencingProjected returns once rents reach full market:Pre-tax Cashflow $6,107 (3.88%), Pre-tax + Pay Down $11,720 (7.44%), After-tax + Pay Down $11,745 (7.46%) and Total Return $24,855 (15.79%)4 unit Multifamily in Clackamas Strike price of $750,000 with 70% Loan-to-value requires approximately ~$234,000 cash to closeCurrent scheduled monthly rents are $1,388/per unit Lots of updates and capital expenditures done, not the greatest location Projected year 1 returns (before achieving full-market): Pre-tax Cashflow $11,489 (5.11%), Pre-tax + Pay Down $21,565 (9.58%), After-tax + Pay Down $21,424 (9.52%) and Total Return $45,291 (20.13%)In high entry barrier markets like Portland, I am finding the small 2-4 unit multifamily properties that hit the market to be mostly priced out. 

Since mini splits don't produce heat, they move heat from one place to another, they can achieve efficiency of 200%-300%.

I am open to areas outside the bay area (fresno, merced, sacramento etc).What can a budget of 100k achieve?

This incentivizes me to flex my creative muscles to produce quality and cheap work so I can maximize my return on the labor.I’ll probably do more of these types of deals in the future, personally.

Given the comps I looked at, and the expected rent, I thought this was achievable.