In other words NOI and Cap Rate.Normally for a Residential (1 - 4 unit) Property you do your calculations this way:All-in cost Target = ARV x Refinance LTV (70% - 80%).  

You know, the type that can roll into town, buy everything he needs at target or Walmart, then roll out of town and leave it all behind.

Listen to the Real Estate Rookie podcast, read this beginner's guide and some of the books targeted at beginners, attend webinars and the like.

Otherwise I would find your target area, research the BP forums in that area for Realtors, and then interview a few prospects to see who is a good fit! 

I'd recommend using that in combination with opinions of others and some on-market browsing to find your target areas.

This just means that 75% of the rents of all units (all 3 or all 4 of the units) must be equal to or greater than your entire monthly payment to ensure FHA will be sufficient should anything happen to your ability to pay for this property (if they take it back the property as a foreclosure/REO).In more expensive west or east coast markets it will be hard to make the FHA SS rule right now given that the rates are in the 6-7% range so I would recommend targeting 1-2 unit FHA properties. 

Acquisition target: triplexes in Chicago north of I 290

If I've missed something in one of the guides or forums, feel free to send me a link.Home prices in our area have started to come down and we are targeting to try and purchase at the end of this year. 

This is probably what they are targeting.

@Rudolph SmithWhat areas do you plan on targeting for multi family, hard market for multi in JOCO.