It can and does happen, no matter what sort of grand tales the syndicator tells up front.  

Apparently her son decided that her apartment, in my building would a grand place for a meth lab.I found out about the dead tenant and the lab in the same phone call with the police.

Or if there are other things I should be considering.I knew there was a reason I didn’t like the rental market… 50k to make a possibility of a grand a month.

Those are likely at least a few grand each.Be aware that building codes for multis like this are very different than for duplexes.When you evaluate a deal, look for reasons not to do it.

For a grand total of 1080/month in expenses.

I lived on Park Avenue in a 4 story walkup that was a slum when I was a kid but in its day in the late 1800's was a swank place - it had an elevator, a grand lobby, a massive grand staircase, all stone building, etc.

If your comps really are ~120ish, then you have a lot of room to work here, even if you're off a few grand on your rehab.

Hi all - my folks are in their  middle 60's and have lived in KC metro (Blue Springs, MO) for around 8 or so years - they are wanting to relocate back to where myself & sister live to be with family/spend time with the grand kids.Here's a link to their present listing   http://www.zillow.com/homes/for_sale/1308-NW-Deer-...I think their present realtor sucks and am trying to motivate them to fire her - I'm fairly certain she has the square footage listed wrong - there is about another 1000 finished square footage in the basement she has left off and simply put the listing on the MLS doing nothing else - her ad copy sucks, no video, no facebook etc.This is a VERY well built house and I'm not saying that since they are related - if I had any desire to live here I'd move in a heartbeat - maple cabinets, hard surface counters, great location - easy to get to I70 and get around, close to shopping etc - nice neighborhood etc - one of the lower priced houses in the neighborhood etc etc.I dont want them to get screwed out of money and the current realtor is heading down that path.Anyways if there are any good Kansas City area Missouri side or Blue Springs based agents please contact me.  

maybe a few hundred bucks, thus do not expect any marketing cash outlay or grand efforts from the realtor. 

I live in Grand Rapids Michigan.