This will not only give you the most accurate figure but you can also use that appraisal to waive any co-insurance penalty your policy may have.

You can always bring in partners.I would figure out what you want first and then lay out a plan.

For a quick back of the envelope figure out the NOI from proposed lease and expenses then divide by prevailing cap rate for comparable properties.

Get actual property taxes, get insurance estimates, and figure out how utilities get paid.

Figure out how to make adjustments so the job doesn't consume you.

If you figure out how to do that consistently without taking risks that could collapse the empire, let me know and I can probably help you arrange a few billion in equity..

Some of the figures I have been seeing for some other quads I've been looking into seem to all be around the $100/mth mark for revenue.

Over the last few years, I have replaced that activity with raising money from private individuals, and investing THAT money in apartments.You just gotta figure out what the most efficient way is to get there, what suits your personality, and what is the most fun for you.

You also start to know neighborhoods intimately and can figure out the real value of the properties.

If you're interested in the property, figure out what it's worth to you and put in an offer.