Brandon's numbers give you a minimum target per door that you can shoot for but everything depends on the deal you're analyzing because every deal has different pluses and minuses/dynamics/...my suggestion is that you pick a property that looks interesting to you and run the analysis on it and then ask the forum whether you are missing or misunderstanding anything in your analysis.

Hello, my partner and I are looking at sending out postcards to the 150 houses in the area we are targetting for non-MLS listed properties.

There is always the possibility you can lock it up under contract (if you have the ability to close) and try to wholesale it, but generally speaking prices on the MLS are well above what investors are targeting for wholesale deals.

I do have some cash; about 20% to 40% of my target purchase price.What financing options do you recommend I pursue to buy my first multifamily property?

Oh and I usually get my list of targeted prospect free, It takes more time because its alot of foot work and chasing down I don't buy absentees AT ALL...

I see a few issues and techniques there.First, you're going to need to put together a team in your target market - brokers, a lawyer, a manager, maybe contractors, an accountant (that can be local to you), etc..  

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Seeya around!

Decided what markets to target, designed and conducted the marketing campaigns, received all inbound calls from prospective sellers, developed the relationships with them, asked them all screening questions on their properties, researched the properties, deal analysis, scheduled property inspections, structured the offers, sometimes presented the offers. 

Drive for dollars if you can in your target neighborhood. 

I will re-target to towns further from the city.