Everybody will weight this differently.

I believe that we are rapidly heading for a BIG recession and I am currently only buying properties at or below 50% of FMV.

You gotta use that neck-weight for some thought processing.

@Greg ScottWhile NOI and capex are common in MF isn't it a bit ironic that SFR places more weight on sales?

It was an adorable four square style home with 3.5 levels of living on the NW side of Chicago, on a somewhat historic block, right near a rapidly developing area.

In our area they mix  student 9 month rentals and year round rental prices, the price is weighted towards  lower price student rentals since there are much fewer year round rentals.  

You can get yourself in some legal troubles going into uncharted waters.I love helping people reach their dreams and goals at a rapid rate so I am happy to share my education, experience, resources and knowledge your way whenever I can.

That doesn't make it a bad deal by itself, but I wouldn't be jumping on it unless I thought it was going to appreciate rapidly and I had plenty in reserves to cover expenses. 

Are you investing for cash flow or looking for fast paydown options to build wealth more rapidly?

I'm also a newbie in Cedar Rapids working on my first deal.