Keep in mind - that post is purely hypothetical and designed to teach the math.

This is a 6 unit multi (1 2bd rents for 650 and 5 1bd rents for 465-535 - motel style building).

Basically the subject house and comps have the same style and this is an older, but nice neighborhood.I don't think the stuff I just said matters, the point is, do you think these comps are okay considering there is only two sold, "good", comps.

It seems like consistent "we buy houses" style radio ads could generate a lot of leads but I'm sure they are too pricey to be worth it, otherwise I would probably be hearing them already.

Hello RyanMy advice to you is,yes ,you can make money wholesaling,but you gotta know what you're doing.Read everything you can on the Wholesaling Posts here on BP before you make any big moves.Also,since you have the background in RV's ,you might want to check out the teachings of Frank Wolfe and Dave Reynolds at "MobileHomeParkStore.com" they have an excellent course and 2 day training.They also buy and sell mobile home parks thru out the country.They also have a great reputation.An under performing mobile home park and be a great investment,,"If you buy it right ,make the right improvements and bring in good management.Again ,take it slow and be very careful who you choose for a coach or mentor.I am sure there are a few excellent RE Investor clubs in your neck of the woods in Arizona.I would seek them out and start attending,,,Best RegardsDave DoyleMonrovia Calif

When I estimate 600k and do in depth cost analysis once it is in escrow I adjust the size and style of the house to meet the budget if necessary, so never under budget.

Again, though, I'm not sure its a simple average.Of course there are MANY factors - size, beds, baths, style, garage, parking, alleyway, busy street, next to a sewer treatment plant, etc.

With buildings you have to compare apples to apples.My 20 unit I own is 5 buildings of quad's.They are 30 years old in an A location.They are town home style when you walk in main level dining,kitchen,1/2 bath,living room,and the upstairs each has a master bedroom with a full bath about 1,200 sq ft in each unit.As tenants have told me they like it because it is more like a house feeling.They like the fact unlike an apartment complex where you have people below you,beside you,back of you,above you where you can hear everything.Also you can't control the tenant upstairs using a cheap hose on a washer/dryer and then having a huge water leak into your unit.There are advantages such as those properties typically have amenities etc.Does this building you are looking at have laundry on site,laundry in the unit,or does the tenant have to go to a coin laundry down the road to do clothes??

Many calculations surrounding returns are based on fancy financial mathematics and university style formulas, but those of us who are in the trenches know that it is critical to separate two entirely different realities.First there is deployed v. not deployed capital.

Our culture emphasizes independence, which doesn't bode well for the philosophy that we will have European-style multi-family households.