This is why it's much better to use ROI and it's annualized version ROR to understand your deal and ultimately what to offer.Additionally the profit motive is not a flat percentage for all deals.

Looking to purchase an outdated 3 flat property in Lakeview that requires about $150K in rehab work (kitchens, bathrooms, new HVAC, siding, painting, flooring, etc.) 

But that assumes a rosy 5% appreciation...what happens if appreciation is flat?

Like everything using flat percentages is just for a quick analysis.  

Look for a discount broker that charges a flat fee to list it.

You typically will need to look at older and more established areas that had the need to build a lot of 2-4 flat buildings in the last 100 yrs..  

Hello,I'm interested in purchasing a two-flat in Indiana for $80,000 using the FHA first-time buyer program.

I live in a part of the USA where there are still many people of character who simply will not do business with those of questionable character for any amount of money.

The water is in one of the tenants name and the other tenant pays a flat fee of $50/mo the the tenant.My total monthly expenses would be $700/mo. 

And experience is the name of the game and having a banker who knows your character and trust you.. this is huge its not done at big banks but local community banks where the president and head credit officers are also the owners or major stock holders.. its relationships with those folks that will get you over the top. its a progression..