$0.75 is probably doable.

It is extremely doable.

I think the biggest problem would be coming up with the 20% needed to make these numbers work.Purchase Price:$2,350,000Property type: 72 unit ApartmentYear Built: 1970Rentable Area: 58,211 sq ftLot Size:: 124,823 sq ftCurrent Occupancy: 89.19%Purchase Price: $2,350,000Assignment Fee1: $100,000Cap Rate2: 10.77%Net Operating Income3: $253,078.29Pre-tax Cash-flow4: $102,986.01Earnest Money Deposit5: $21,500Down Payment: $470,000Loan Amount: $1,880,000Amortization Period: 30 yearsInterest Rate: 7%Mortgage: $12,507.69Loan To Value Ratio: 80%Debt Coverage Ratio: 1.5044Unit Mix: 24 1/1.5, 47 2/2, and 1 3/2Scenario A:You'll purchase the property at a 10.77% cap rate (based upon his actual numbers), DCR of 1.6862 (assuming you get financing at 80% LTV with 7% APR); and you should receive an annual pre-tax cash-flow of at least $102,986.Scenario B:You could increase your cap rate to 12.1%, your DCR to 1.8949, and the yield of your annual pre-tax cash-flow by nearly $32K simply by reducing your vacancies and collections (from nearly 11%) to 5% of the gross rents (which is the norm for that area—so it's doable).

   $30K net on a $540K investment is still very doable in many sectors. 

@Tim RyanSure if you have a several hundred unit building this is doable

That should be do-able-then could you qualify for another one or would you have to refinance?

Of course, this is still definitely doable in other markets, but the distance does complicate things.

That is more complicated but doable.

So basically our realtor sold our place very rapidly for much less than we wanted, but she did it on the basis of we had the one condo we wanted wrapped up, she gave us the verbal that it was done, it turned out her verbal on the other condo was false and now being that was the only place we wanted to move and its not doable for the price she told us was agreed upon we now are selling our place very rapidly for way less than we wanted for nothing.

I am interested in achieving some level of financial independence with "house hacking," which seems entirely doable in Philadelphia but not so much in Phoenix.