I've been looking on LoopNet for Multi-unit properties in North Carolina and wanted to get some opinions from my experienced BP members.Church Street Apartments264 Church Street, Concord, NC 28078$465,00014 Units Multifamily Property For SaleBuilding Size:0 SFPrice/Unit:$33,214.29 Property Type:MultifamilyProperty Sub-type:Garden/Low-RiseProperty Use Type:InvestmentCommission Split:3% Cap Rate:13% Gross Rent Multiplier:6.62 Occupancy:100% Lot Size:0.53 ACAPN / Parcel ID:56217008770000Listing Net Operating Income $60,450Here is a link to the property http://www.loopnet.com/xNet/MainSite/Listing/Profile/Profile.aspx?

The gross income after vacancy was approx 669k.

@Rich Ng @Sonja Williams @Andy Gross @Landis Whitehurst @David Alvarado I noticed you guys mentioning a lot about the headaches, crime rates, and things of that nature.

Not a lot of distressed units, but for about $150,000 you can get a gross rent of $1500/mo in a duplex. $200,000 will get you a monthly gross of $2400 in a fourplex (though very few good fourplexes on the market at the moment).I love Hood for its proximity to the Texas Triangle and I-35.

I am considering hiring a full-time employee to assist with managing so I have more time to raise capital and evaluate deals.  

Clearly that one business owner will have his pick of the best employees which will help his business grow.

Rent to value is like a gross rent multiplier and does not reflect true cash on cash returns. 

Even the most stellar employees only get a pay raise of ~5% per year, but with property values and increased mortgage rates affording a home is becoming 8-12% more expensive every year.

Yes, as Brian mentioned, you need the gross and net income from operations.

With property values falling and companies tightening their belts or even laying off employees, there's no better time to make sure your mortgage meets your current budget and long-term needs.What Is Refinancing?