Find out what the comps are for raw land by acre in the area are and multiply it by the amount of acreage that came with the property.

I'd happily pay $40K for a great $2.4MM building here in Ohio, so the numbers work out fine multiplying by 5x.  

Logistically,  incomes are better than 1.. just be VERY conservative on the reserve side,  bad stuff happens ALL THE TIME  Whatever you think you should have saved up ready-- multiply it by 3 or 4.   

If it’s an item that can’t reasonably be bid as a lump sum, then agree to a time and materials type deal where you track the time associated with the work multiplied by the rate and added to the material cost. 

Here's why.If your rent is higher by $600/year, using a gross rent multiplier of 5X, you've increased your property's value by $3k.

She’s onboard and with your income and a house paid off, I’d look for a triplex or quad to get into so you multiply all the duplex benefits and mitigate some of the risk.

What you want is those dollars to multiply (put the money to work for you).Good luck

The end plan is to replace my income and multiply it by 2 with cash flow.

Speaking of offers, is there a formula you are using e.g. your determined value multiplied by a fixed % minus repairs?  

Hi @Andriy Boychuk so I am understanding you correct you are taking total lot rents and multiplying that by the cap and then by the perspective utility use to determine purchase price as a ballpark?