Although it's become more difficult to find good deals on listed properties, they're still out there.

When all is said and done, I calculate a 11% cap rate and a cost of money of 4.75%.

Additional ways to gauge value or whether to sell: cap rates gross rent multipliers comparable sales of similar triplex's fourplexes sales price per unit 1% or 2% rule on comparable properties or alternatives and more...

The bookkeeping for these should not be too difficult.

95,000 + 30,000 = 125,000 all in tog et rent ready.Let's be conservative and use 700. 700 X 2 = 1,400 a month X 12 = 16,800 gross income potential.16,800 X .40 (60% costs) = 6,720 NOIAt a 10 cap this is worth 67,200 sales price.

@Leah Matthews Welcome to BP - it's refreshing to hear you're new investors yet have managed to purchased two rentals in a seemingly difficult area.

Love Geleen too, the better part of the Netherlands :-)I use initial qualitative checklists and quantitative calculations (cap rate).

This is a great trend to see as it creates renewed interest in more difficult neighborhoods and revives communities.Is this happening in other areas across the country?

I'd have a monthly Operations and Cap Ex budget of at least $150.

I hope to eventually convert all units to $1000 monthly for a decent 12% cap rate.